Turkish digital manufacturing startup Rototip announced the closing of its inaugural investment of EUR 1 million during a recent funding round led by ACT Venture Partners and participated in by Heartfelt Capital and APY Ventures.
Established in 2021, Rototip actively manages the entire production workflow, from order placement to delivery. The company has achieved steady growth of 6 percent monthly over the past two years, reaching over 500 customers in 18 countries.
The funding is set to enable Rototip to expand its near-shoring solutions for European and North American companies while also bolstering Türkiye's footprint in the sector, catering to companies seeking offshore production opportunities, diversify their supply chains and mitigate offshore risks, particularly in the wake of major disruptions to long-established supply chains and geopolitical changes.
Rototip CEO Galip Okan Öztürk emphasized the extraordinary opportunity in the Western European and North American manufacturing markets due to the challenges of offshoring and the inadequate level of local production networks. He stated, “There is an extraordinary opportunity in the manufacturing market. The need for digitization and technology is rising, and Rototip is well-positioned with a strong foundation, loyal customers, the ability to attract talented human resources, and an investment round that has received great interest. We are capitalizing on the market shift towards prioritizing reliability and quality consistency in delivery programs – areas where we excel."
Commenting on the investment, ACT Venture Partners Managing Partner Gökhan Güner said, “In this dynamic environment marked by technological innovation and the need for digitization of production processes, Rototip, positioned within a market exceeding USD 25 billion, is poised to play a significant role.