Factorli, a manufacturing startup based in Downtown Las Vegas, announced it has raised a $10 million Series A round of funding from Tony Hsieh, CEO of Zappos.com, and the VegasTechFund. Factorli was founded by Jen McCabe, former head of customer development at Romotive and head of hardware initiatives for the Downtown Project. Most recently, McCabe managed VegasTechFund’s expansion into hardware, funding 21 companies. Factorli operates from a 25,000-square-foot facility that serves as a manufacturing site for small volume runs of new hardware products.
Factorli, a Small Volume Factory Startup in downtown Las Vegas, Raises $10M Series A
*Embargoed* until 9am PST, May 21, 2014, Nevada – Bringing great products to life, Factorli, a new manufacturing startup, has successfully closed a $10M Series A round with funding from Tony Hsieh, CEO of Zappos.com, and VegasTechFund.
Factorli provides a channel for companies to manufacture new products in small volumes before commercial mass production. The first facility comes online just in time for CES 2015. Tours are available during construction.
Factorli is founded by Jen McCabe, former head of customer development at Romotive and head of hardware initiatives for the Downtown Project. Most recently, Jen managed VegasTechFund’s expansion into hardware, funding 21 companies. She remains an active investor in the space.
Hardware is hard. Factorli allows companies to build their first run of products stateside and iron out a lot of manufacturing bugs. “Many companies fail at this stage when they discover how difficult it really is to make hardware. We’re here to help you get through the tough part,” says CEO Jen McCabe. “We also have the benefit of manufacturing in the USA, so there are IP protection benefits to working with Factorli – plus there are no language, time zone, or geographic barriers. Because it’s in the USA, things that are hard overseas like visiting, working with customs, and transferring payments are easy here.”
Factorli will manufacture small-envelope consumer electronic products at small volumes in a three building campus, located in the heart of the Arts District in Downtown Las Vegas. Operations are housed in 25,000 square feet of factory space being outfitted with new, state of the art production line machinery, plus an industrial 3D printer, laser cutter, and other tools designers, engineers, and startup teams need for burst prototyping during manufacturing.
The company is fully equipped to provide sub-assembly, final assembly, rework, and fulfillment, as well as parts fabrication of plastics, metals, and RoHS-compliant printed circuit boards. The factory’s services also encompass packaging and safety and certification testing.
“For the past several years we’ve seen an explosion in innovation and creativity in the marriage of hardware and software. The innovations we’re seeing in this space are changing the way we live and interact with the real world and we’re only in the first inning. Factorli will decrease the time, cost and friction of turning an idea into reality. The days of waiting years for a Kickstarter project delivery are rapidly coming to an end” says Zach Ware, Founder of Shift by Project 100 and Partner at VegasTechFund.
“Jen is a manufacturing champion. I can’t wait for the tech world to see what the Factorli manufacturing facility can do under her guidance. Companies that use Factorli will get access to deep experience that Jen and her team bring to the work of revitalizing manufacturing in the USA, right here in Las Vegas” says board member Will Young, Director, Zappos Labs and partner at VegasTechFund.
“Early stage hardware companies often face the challenge of completing production runs in the 1k to 5k unit range; too large for in-house but too small for overseas. We’re thrilled to work with Factorli by offering Dragon Certified teams a fantastic solution to a critical manufacturing challenge, ” said Scott N. Miller, CEO of Dragon Innovation, a Factorli partner.