# Fulcrum

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fulcrum-2

- Industry: Software
- Headquarters: Minneapolis, US
- Website: www.fulcrumpro.com/
- Total disclosed funding: $40M
- Latest round: Series A (May 1, 2023)
- Investors on record: 11

## About

Fulcrumpro, Inc. based in the US, provides cloud manufacturing software solutions aimed at enhancing operational efficiency and data management in manufacturing environments.Fulcrum specializes in cloud-based manufacturing software solutions, focusing on enhancing productivity and data management in manufacturing settings. Founded in 2015 in Minneapolis, US, the company has successfully completed 3 deals, with its most recent funding round being a Series A on May 1, 2023, where it raised USD 18.000 mn led by Bessemer Venture Partners. Founders Arjun Mangla and Yu Han, with Yu Han currently serving as CEO, have been pivotal in shaping the company's direction. The total amount raised by the company to date stands at USD 18.000 mn, valuing the current company valuation at USD 65.794 mn.Fulcrum offers a comprehensive cloud manufacturing software solution designed to enhance operational efficiency and data management within manufacturing environments. Central to their offerings is the Autoschedule feature, which analyzes production data to generate optimal scheduling solutions in real time, accommodating prioritization changes as they occur. Customers benefit from robust job tracking capabilities, which include live labor and material monitoring, Bill of Materials (BOM) and routing builders, as well as custom reporting functionalities. Fulcrum primarily serves industries such as CNC machine shops and sheet metal fabrication, providing critical insights to operators and managers that enable informed decision-making throughout the production process. The software is marketed to clients across various geographical regions, enhancing manufacturing operations for users in North America, Europe, and parts of Asia.Fulcrum's revenue model is primarily based on a subscription structure, where clients pay for access to the software and its functionalities, fostering long-term partnerships. Transactions with clients typically involve an onboarding process facilitated by a dedicated launch and success team, ensuring that users can effectively integrate the software into their production workflows. The pricing plans are designed to cater to different manufacturing needs and include packages for individual functionalities such as job tracking, material management, and quality control. Fulcrum’s flagship offering, the Autoschedule, is integral to these packages, providing a streamlined solution that enhances operational efficiency. The company’s targeted approach to client services is designed to establish ongoing relationships that support continuous improvement and operational excellence.Following its most recent Series A funding round in May 2023, where Fulcrum raised USD 18.000 mn, the company plans to utilize this capital to build and enhance its current features. Although specific upcoming products have not been detailed, the funding will support these development initiatives. Fulcrum is also focusing on expanding its market presence in North America, Europe, and parts of Asia, aiming to deliver improved software solutions tailored to various manufacturing sectors by the end of 2024.

## Funding rounds

- Series A, May 1, 2023, $18M — Battery Ventures, Bessemer Venture Partners, Schematic Ventures, Motivate Venture Capital, Waybury Capital
- Series A, Oct 14, 2022, $19M — Battery Ventures, Bessemer Venture Partners, Social Starts, Matchstick Ventures, Bread & Butter Ventures, Schematic Ventures, Motivate Venture Capital
- Seed, Sep 24, 2020, $3.1M — Battery Ventures, Bain Capital, Social Starts, IrishAngels, Matchstick Ventures, Springtime Ventures, Bread & Butter Ventures, Schematic Ventures, Motivate Venture Capital

## Investors

- Battery Ventures (https://capitalatlas.ai/funds/battery-ventures) — Seed, Series A
- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Seed
- Social Starts (https://capitalatlas.ai/funds/social-starts) — Seed, Series A
- IrishAngels (https://capitalatlas.ai/funds/irishangels) — Seed
- Matchstick Ventures (https://capitalatlas.ai/funds/matchstick-ventures) — Seed, Series A
- Springtime Ventures (https://capitalatlas.ai/funds/springtime-ventures) — Seed
- Bread & Butter Ventures (https://capitalatlas.ai/funds/bread-butter-ventures) — Seed, Series A
- Schematic Ventures (https://capitalatlas.ai/funds/schematic-ventures) — Seed, Series A
- Motivate Venture Capital (https://capitalatlas.ai/funds/motivate-venture-capital) — Seed, Series A
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series A
- Waybury Capital (https://capitalatlas.ai/funds/waybury-capital) — Series A