Local startup Rototip received an investment of 1 million euros

Domestic startup that digitalizes metal and plastic manufacturing processes Rototipannounced that it received investment. According to the information provided by Rototip, the initiative ACT Venture Partners under the leadership 1 million euro investment took. Participating in the investment round other than ACT Venture Partners Heartfelt Capital ve APY Ventures also participated.

Field of activity of the enterprise

Founded in 2021, Rototip actively manages the entire production process from order to delivery. The startup has reached more than 500 customers in 18 countries, with a steady growth of 6 percent monthly in the last 2 years.

According to the information shared, especially since 2001, China has become the final destination in production for Western companies looking for production (offshore) opportunities in another country. Companies are now looking for ways to diversify their supply chains and reduce offshore risks. We can see the reason for this as major disruptions in supply chains and changes in the geopolitical landscape in the last four years.

In addition, returning to local production in Western countries stands out as a serious problem due to labor shortages. In this respect, Rototype, especially To manufacturers in Europe and North America offers “near-shoring” solutions through its innovative platform. It is possible to define the concept of near-shoring as companies moving their existing operations to a closer location.

Rototip CEO Galip Okan Öztürk In his statement, he stated that there is an extraordinary opportunity in the manufacturing market in Western Europe and North America.

“There is a tremendous opportunity in the manufacturing market as offshoring is no longer a reliable solution and local production networks are not sufficient in Western Europe and North America. The need for digitalization and technology is increasing. We have a strong foundation as Rototip. Our customers have a clear loyalty “We are able to showcase, attract talented human resources, and our investment round has attracted great interest, which we are very excited about. We are observing the change in the market, with customers increasingly prioritizing reliability and quality consistency in their delivery schedules; we are very successful in both aspects.”

ACT Venture Partners Managing Partner Gökhan Güner made the following statements in his statement regarding the investment:

“Global production is going through a challenging period that requires manufacturers to diversify their suppliers from nearby geographies in order to carefully manage quality and delivery risks. In this period, technological innovation and digitalization of production processes will be decisive for winning. Addressing a market size of more than 25 billion dollars, Rototip is able to adapt to all aspects of this dynamic environment.” “It is in a position to play an important role in revealing its potential.”