Investment of $70 Million Given to Makersite for Enhancing Sustainable Product Design Among Manufacturers
Makersite, a supply chain data company based in Stuttgart, Germany, has raised €60 million (USD$70 million) in a series B financing round. The funding will be used to accelerate the development of Makersite's AI-powered Product Lifecycle Intelligence platform, enhance its technology and technical infrastructure, expand its team, and deepen integration with technology partners [1][2][3][5].
The funding round was led by Lightrock and Partech, with participation from existing investors Hitachi Ventures, KOMPAS VC, Translink Capital, and Planet A, as well as Schneider Electric's venture capital fund SE Ventures [1]. Lightrock expressed strong confidence in Makersite's vision and unique approach to sustainability, while Chris Steinau, Partner at Lightrock, made a statement about Makersite's vision and unique approach [2].
Makersite's platform leverages AI to clean and connect fragmented product data, combining it with a proprietary supply chain data foundation that includes material composition, cost, environmental footprint, and regulatory information. The platform provides cross-functional teams real-time insights for design and procurement choices, improving product sustainability, safety, compliance, and cost-effectiveness [1][2][3].
The Series B funds will accelerate the platform’s feature enhancements, increase automation to handle thousands of SKUs rapidly and accurately, and support scaling globally to meet rising demand from leading industrial clients such as Microsoft, Daikin, and Schneider Electric [1][2][3].
The demand for Makersite's solutions is growing as companies seek to tackle supply chain emissions, manage costs, and meet new regulatory standards while enhancing supply chain resilience. Makersite's solutions have helped Microsoft reduce the carbon footprint of its Surface Pro 10 laptop by up to 28% [1].
Neil D'Souza, CEO and Founder of Makersite, commented, "We are thrilled to have the support of our new and existing investors as we continue to help manufacturers treat sustainability as a balanced trade-off between cost, safety, and environmental performance." [2]
Founded in 2018, Makersite provides Product Lifecycle Intelligence solutions, aiming to help manufacturers create products that are greener, safer, and more affordable by enabling them to make informed, sustainable decisions throughout the product design and development process [4]. The funding will help Makersite achieve its goal of delivering deep supply chain visibility and lifecycle intelligence, helping manufacturers design affordable, safe, and environmentally responsible products at scale [1][2][4].
In conclusion, the Series B financing enhances Makersite’s ability to deliver deep supply chain visibility and lifecycle intelligence, positioning them as a future leader in helping manufacturers navigate complex challenges and deliver real, measurable impact. The funding will allow Makersite to help manufacturers navigate today's complex challenges and scale their impact globally.
[1] https://www.makersite.ai/blog/makersite-raises-60-million-series-b-funding [2] https://www.lightrock.com/news/makersite-raises-60-million-series-b-funding [3] https://partech.vc/news/makersite-raises-60-million-series-b-funding [4] https://www.makersite.ai/about-us
The Series B funding acquired by Makersite, a supply chain data company, will be utilized to advance their AI-powered Product Lifecycle Intelligence platform, enhancing not only its technological infrastructure but also its capacity in environmental-science and finance. This development will further aid Makersite in deepening partnerships with technology providers, fostering innovation that contributes to the creation of greener, safer, and more cost-effective products.
With the growing demand for sustainability in manufacturing, Makersite's solutions are poised to prove instrumental in helping industries manage costs, tackle supply chain emissions, and comply with regulatory standards—all while promoting supply chain resilience. This success is exemplified by Microsoft, who has seen a 28% reduction in the carbon footprint of their Surface Pro 10 laptop thanks to Makersite's solutions.
