MakersValley – a fashion B2B online service platform – has partnered with venture capital firm Capital Factory. With this partnership, Capital Factory acquires a 1 per cent stake in MakersValley, affording them an active financial interest in the success of Made in Italy fashion manufacturing.
Capital Factory is an investment partner and mentorship, resource and networking support system exclusively serving Texas-based start-ups and its support could be pivotal for MakersValley as it seeks to scale its capabilities for fashion brands around the world and Italian artisans and manufacturers.
The partnership is also said to be a catalyst in MakersValley’s evolution from an insular fashion sourcing and apparel production project management platform to one capable of integrating with top apparel e-commerce tools to help fashion brands instantly react to product inventory needs.
Recognised by Pitchbook as the most active investor in Texas since 2013, Capital Factory’s backing gives more than US $ 250,000 in potential total credits from major hosting providers like Amazon Web Services (AWS).
According to MakersValley, these resources will allow the company to reach its growth and development goals by – raising US $ 1 million in seed round funding; scaling its tech and customer service; and better connecting to the Texas entrepreneurship ecosystem.
As far as the soon-to-be-raised funding is concerned, MakersValley is evaluating investors and doing outreach this quarter, and hoping to have a couple of seed pitches sent out this Spring season, with a turnaround on funding as soon as possible.
On the other hand, one of its immediate goals, on technology scale, is to expand its tech staff and use its technology to streamline the Italian factory onboarding process beyond where it is now. Currently, as MakersValley reports, the onboarding mostly happens over the phone and back and forth through e-mail.
Alessio Iadicicco, CEO and Co-founder, MakersValley, commented, “This partnership will put MakersValley on the map…Investors and entrepreneurs who did not know about our company before will [get to know now], and hopefully new opportunities for strategic partnerships outside of pure funding investments will help our company scale more and get access to change-making resources that we did not have before.”
