Tunisian construction technology startup, SeekMake, has secured a substantial investment of 500,000 euros (approximately US$539,000) in a funding round led by European private equity firm, Lafayette Group. This notable financial boost comes after a year of negotiations, signifying Lafayette Group’s first investment in a Tunisian or foreign startup.
SeekMake, founded in 2018 by Adel Ayari and Zino Adidi, has swiftly carved its niche as a digital platform connecting clients with construction and manufacturing companies across 40 countries. Not only does it expedite concept generation, but it also accelerates the delivery of finished products. The startup’s success is further underscored by its shift from a four-member team to a workforce of thirty in just eight months.
Lafayette Group’s investment decision is influenced by SeekMake’s impressive strides in the digital manufacturing realm. With over 10,000 users and manufacturers globally, SeekMake has successfully sold over 30,000 prototypes and components, fostered partnerships with 72 manufacturers, and established a robust fabricator network spanning 40 nations.
The newly injected capital will drive SeekMake’s expansion plans, with a particular focus on the promising markets of France and Germany. By setting up a subsidiary in Estonia, the company is setting a strategic foundation for further growth. SeekMake’s value proposition lies in its role as a mediator between manufacturers and consumers, optimizing production workflows, minimizing costs, and shortening part production timelines.
The startup offers a range of manufacturing services, from CNC machining to 3D printing, laser cutting, and engraving, all underpinned by a diverse selection of durable, cost-effective materials. This expansion drive aligns seamlessly with SeekMake’s mission to streamline and simplify manufacturing processes in the digital age.