Northern Gritstone has led a £5 million Series A investment into Manchester-based Partful, the manufacturing aftersales technology solution provider.
The funding will help Partful to develop its 3D SaaS platform and accelerate the company’s growth within the $640 billion aftermarket sector.
Northern Gritstone’s Series A consortium includes existing co-investor Par Equity and new co-investor, the US investor Blumberg Capital.
“Partful’s platform gives users access to interactive 3D models that explode to reveal each product’s individual components – making it easier for the customers and dealers of original equipment manufacturers (OEMs) to identify and order the components they need and access the work instructions needed to fit them,” said Northern Gritstone.
“The ability to self-serve means that users can upload their data – CAD files, Bill of Materials as well as their own tribal knowledge – to create a parts catalog for aftersales purposes.
“As well as making it even easier for OEMs to create interactive documents, automation also saves significant amounts of time. The enhanced platform makes it possible to create a 3D parts catalog in hours, rather than weeks.”
Since its initial seed funding investment round in January 2022, Partful has secured a total investment of £11.2 million.
The business already counts Maeving, Lear, Kolpak, Triangle Tube & Ideal Heating and Allett Mowers among its customer base.
Northern Gritstone CEO Duncan Johnson said: “Northern Gritstone is delighted to support Partful. This growing Manchester-based tech company has already won large OEM customers thanks to its technology and is set to create more jobs in its North of England team.” Partful CEO and co-founder Sam Burges said: ‘‘Developing the next iteration of our platform is an important step in helping OEMs to overcome these challenges. Having the backing of Northern Gritstone, Par Equity and Blumberg Capital is vital in developing the next iteration of our platform and we are thrilled to have their backing as we help OEMs support customers, eradicate costly order errors and maximise revenues.’’