Factory Raises $4.69 Million Series A
Factory, a Sydney, Australia-based B2B SaaS platform for manufacturing process management, has raised $4.69 million AUD in Series A funding.
The round was led by Shearwater Capital, with participation from Martin Tobias, Investible, Adrian DiMarco, and Beachhead Capital.
Shearwater Capital is a Sydney-based venture capital firm investing in high-growth technology companies across Australia and New Zealand. Founded in 2018, the firm partners with generationally great founders, typically focusing on B2B SaaS, enterprise software, and digital media. Their investments range from Pre-Seed to Series B.
The company will use the funds to increase product and engineering capacity, grow the go-to-market team, and support U.S. expansion, starting in Texas.
Founded in 2021 by brothers Paul and Michael Lutkajtis, Factory is a SaaS company that provides a manufacturing process management platform designed for small and medium-sized fabrication and manufacturing businesses. The platform helps companies manage jobs from quote to delivery and purchasing, offering customizable tools tailored to the needs of smaller manufacturers. Headquartered in Sydney, Factory now serves over 200 customers across Australia, North America, and the UK.
Funding Details
Company: Factory Technologies Pty Ltd.
Raised: $4.69M AUD
Round: Series A
Funding Date: January 2026
Lead Investor: Shearwater Capital
Additional Investors: Martin Tobias, Investible, Adrian DiMarco, Beachhead Capital
Company Website: https://www.factory.app/
Software Category: Manufacturing Software / Process Management / Industrial SaaS