Q1 2020 was pretty wild: in January we closed on an investment into Awake Security. And in February 2020 we closed on a proactive investment into Fast Radius. Fast Radius is advancing the manufacturing industry with an integrated digital and physical platform that simplifies the way parts are designed, made and moved around the world. Coined “Cloud Manufacturing,” Fast Radius’ technology is positioned to transform an industry that’s overdue for digital disruption.
Then.. March happened and we went into heavy portfolio management mode… just like the rest of the industry.
Well, amidst that rollercoaster we never actually announced our investment into Fast Radius. So we are finally sharing that news at Energize. Here are the high level bullet points:
- Energize joined the Series B, deploying over $10M
- Katie McClain led the investment and joined the board
- We have strong conviction for demand for cloud manufacturing in the energy and industrial verticals
As Katie wrote:
Unlocking Opportunity in Energy and Industry
“We believe that Cloud Manufacturing is still in its infancy and that the application for industry and energy is vast — from manufacturing components for solar panel installation to producing electric vehicle parts on-site. With their technological expertise and customer-led process, the Fast Radius team has what it takes to lead the industry into the next phase. We’re proud to welcome them to the Energize family!”Katie McClain, Partner @ Energize Ventures
Link here: Energize invests in Fast Radius