# Partsimony

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/partsimony

- Industry: Software
- Headquarters: New York, US
- Website: www.partsimony.com
- Total disclosed funding: $2M
- Latest round: Seed (Jun 9, 2021)
- Investors on record: 3

## About

Partsimony, Inc. develops an intelligent supply chain platform tailored for hardware companies, facilitating efficient transformation of engineering designs into market-ready products.Partsimony, Inc. is focused on providing an innovative supply chain solution for hardware companies. Founded in 2015 and headquartered in New York, US, the company was co-founded by Richard Mokuolu and Roland Mokuolu. It recently secured USD 2.000 mn in Seed funding on June 9, 2021, led by Closed Loop Partners, along with participation from Contour Venture Partners and Third Sphere. The total amount raised by the company now stands at USD 2.000 mn.Partsimony offers an intelligent supply chain platform designed specifically for hardware companies, streamlining the process of turning engineering designs into market-ready products. The core functionality of the platform combines data-driven insights with industry expertise, enabling clients to optimize their designs, manage order logistics, and improve overall workflows through tailored algorithmic recommendations. This platform supports various manufacturing processes, including 3D printing and additive manufacturing, ensuring that a wide range of design specifications can be effectively realized. The primary clientele consists of hardware companies navigating the complexities of distributed manufacturer networks, particularly in North America and Europe, where the demand for efficient and customizable manufacturing solutions is growing.Partsimony's revenue generation model is built around B2B transactions, primarily through subscriptions for access to its comprehensive supply chain management platform. Clients engage with the company under structured agreements, typically encompassing tiered subscription plans that allow them to utilize various features and tools tailored to their manufacturing needs. Specific pricing details for these plans are aligned with the services provided, which include access to an extensive network of manufacturers and data-driven design optimization tools. The company's approach promotes partnerships with hardware companies, enabling them to leverage Partsimony's expertise and technology to enhance their production capabilities. This model fosters client retention and positions Partsimony as a crucial partner in the hardware manufacturing landscape.Partsimony aims to capitalize on the current developments in global supply chain dynamics. The recent Seed funding of USD 2.000 mn will support the company in enhancing its platform capabilities and expanding its market reach. The company is actively working on new features for its platform, with plans to roll out updates in the next 12 months. Additionally, Partsimony is targeting expansion into new geographic markets, particularly focusing on regions in Europe by the end of 2022, leveraging its expertise to foster resilient manufacturing supply chains.

## Funding rounds

- Seed, Jun 9, 2021, $2M — Contour Venture Partners, Third Sphere, Closed Loop Partners

## Investors

- Contour Venture Partners (https://capitalatlas.ai/funds/contour-venture-partners) — Seed
- Third Sphere (https://capitalatlas.ai/funds/third-sphere) — Seed
- Closed Loop Partners (https://capitalatlas.ai/funds/closed-loop-partners) — Seed