Manufactured (MFD), a Culver City, CA-based manufacturing, finance and distribution company, raised $13m in debt and equity funding.
The backers were Tenacity Venture Capital and TriplePoint Capital.
The company, which has raised $16m in total funding, intends to use the funds to expand its inventory financing solution for consumer brands.
Led by Pranay Srinivasan, CEO and Founder, Manufactured helps companies source, finance and manage inventory across 20 industries and 25 countries to simplify the cycle for businesses of all sizes and industries. Companies can scale their manufacturing, lower unit costs, optimize supply chains and allocate capital efficiently.
MFD leverages their vendor network to serve over $600 billion of additional demand in industry verticals like healthcare, food, and lifestyle products.
Manufactured Raises $13M in Debt and Equity Funding. Congratulations to the entire team. I wish you great success in this endeavour.Shishir Gupta, Founder and CEO, StartupLanes
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