On-demand manufacturing platform receives £500k investment boost

London investment fund Fuel Ventures has invested £500k in an on-demand manufacturing platform which connects design and production engineers with suitable and trusted manufacturers to create custom parts.

Manufacturingsource.com, which has attracted a global network of engineers and manufacturers, allows its customers to get instant quotes, find suitable partners and place orders on a single platform.

Founded in 2017 by entrepreneurs Sam Al-Mukhtar and Will Hoyer Millar, the site uses artificial intelligence and machine learning to calculate instant quotes for custom parts and identify the most suitable manufacturing partners based on capabilities and capacity. As a result, users of the site can get hold of the parts they need in as little as three days. According to Millar, the investment will be used to help build Manufacturingsource.com’s team and to further develop its intelligent software.

He added: “We’ve set out to solve the problem of how difficult it is to manufacture high quality custom parts, quickly and at a fair price.

“Our aim is to be the go-to platform that fast-moving design and engineering teams turn to when looking to make the world’s most innovative products, and we’re delighted to have the backing of Fuel Ventures.”

Mark Pearson, founder of Fuel Ventures, said of the deal: “This is an exciting time for Fuel Ventures and its start-ups, and Manufacturingsource.com is a great business that has so much growth potential in a very lucrative industry. They have achieved a fantastic level of growth since launching last year and are making plans for further expansion following this investment.”