Maker’s Row Nabs $1 Million in Seed Funding
As a more bottom up, vertically integrated business model takes shape in start ups around the country, the advantage of domestic manufacturing are becoming more apparent, not just in quality, but in control and oversight and speed. Additionally, bringing production back from overseas is a boost for economic regeneration and job creation. Many entrepreneurs are finding domestic manufacturing as their best option, but struggle to find the right fit in what has long been a lose network or factories across the country.
Maker's Row has been working to change this since 2012. The DUMBO start-up, founded by Matthew Burnett, Tanya Menendez and Scott Weiner and operating out of the NYU-Poly Incubator, seeks out US factories and creates individual profiles for their website for entrepreneurs to browse and connect with. There is no fee for the service, and Maker's Row instead takes subscription fees from the factories to be listed on the site. As TechCrunch and others reported last week, the company has just announced a $1 million seed round boost from Index Ventures, Comcast Ventures, as well as several angel partners including Reddit co-founder Alexis Ohanian.
The Maker's Row team plans use the investment to expand their listings beyond the website's focus on apparel and accessories manufacturing, as well as making regional categories for those who want to stay local. Currently, there is a microsite for Newark, New Jersey up.
“From first-time entrepreneurs to big brands, everyone faces the same problem when it comes to finding a factory in the US,” said Burnett in a press statement. “When your resources are limited, your options are limited and overall business suffers. Maker’s Row provides the means to which a good idea can become a great product here in the United States.”