Total amount raised
$23 Million
Latest funding date
4/1/2024
Location
Metalbook has successfully raised funding over three rounds, with the latest being a Debt Financing round led by Northern Arc. The company is backed by a total of eight investors, including Foundamental.
Keep reading to explore the intricacies of Metalbook's fundraising journey and the investors backing this innovative platform.
What Is Metalbook?
Metalbook is a leading managed marketplace in India for metal fabrication, focusing on building a stronger and sustainable metal supply chain using Industry 4.0 technologies. The company serves a wide range of industries, including aerospace, renewable energy, infrastructure, machinery, automotive, petrochemical, and railways.
Founded in Delhi, India, Metalbook operates with a workforce of 101-250 employees. The company connects metal suppliers and customers through full-stack digital supply-chain technology, offering products and services such as metal fabrication, financing, and logistics.
How Much Funding Has Metalbook Raised?
- Seed Round
- Amount Raised: $5,000,000
- Date: August 2022
- Lead Investors: Axilor Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial capital to support early-stage growth and development of the platform.
- Series A Round
- Amount Raised: $15,000,000
- Date: July 2023
- Lead Investors: FJ Labs, Rigel Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Scaling operations and achieving a significant revenue run rate.
- Debt Financing
- Amount Raised: $3,000,000
- Date: April 2024
- Lead Investors: Northern Arc
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations, enhance technological infrastructure, and solidify market presence.
Total Amount Raised: $23,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Northern Arc
- Details: Northern Arc is a financial services platform in India providing credit to underbanked individuals and businesses.
- Investment Focus Areas: Financial services, microfinance, small and medium enterprises
- Notable Investments: Not publicly disclosed
- FJ Labs
- Details: FJ Labs is a venture capital firm that invests in early-stage companies.
- Investment Focus Areas: Marketplaces, e-commerce, technology
- Notable Investments: Not publicly disclosed
- Rigel Capital
- Details: Rigel Capital is a venture capital firm focusing on technology and innovation.
- Investment Focus Areas: Technology, innovation, startups
- Notable Investments: Not publicly disclosed
- Axilor Ventures
- Details: Axilor Ventures is an early-stage venture capital firm and startup accelerator.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Not publicly disclosed
What's Next for Metalbook?
Metalbook stands on the brink of significant growth, leveraging its recent debt financing to expand its services in credit, logistics, and procurement. With collaborations spanning over 500 suppliers and major industry players, the company aims to achieve an annualized revenue run rate of $200 million by the end of FY24. This ambitious target opens doors for future fundraising opportunities, potentially attracting more investors and strategic partnerships.
However, the path forward is not without challenges. Metalbook must navigate operational losses and the complexities of international expansion while maintaining service quality. The competitive landscape and regulatory hurdles in different countries also pose potential risks. Yet, with a robust technological infrastructure and a clear vision, Metalbook is well-positioned to overcome these obstacles and continue its upward trajectory.
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