Friday, September 2, 2022

Manufactured Finds $13M In Debt, Equity

Culver City-based Manufactured which says it provides manufacturing, finance, and distribution for consumer brands, has raised $13M in a combination of debt and equity, the company said Thursday. According to the company, the funding came from Tenacity Venture Capital and TriplePoint Capital. The company did not say what portion of the funding was equity, and what portion was debt. The company said it has now raised $16M in total. Manufactured (MFD) is led by CEO and Founder Pranay Srinivasan. The company said its platform "eliminates inventory risk by manufacturing, financing, and distributing inventory predictably, efficiently, and affordably."