Rototip, a Turkish startup, raises €1 million investment

Rototip, a local startup that digitalizes metal and plastic manufacturing processes, announced that it has received an investment. According to the information shared by Rototip, the startup raised €1 million in an investment round led by ACT Venture Partners. In addition to ACT Venture Partners, Heartfelt Capital and APY Ventures also participated in the round.

The startup’s field of activity

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

According to the shared information, since 2001, China has become the ultimate destination for Western companies seeking offshore production opportunities. Companies are now looking for ways to diversify their supply chains and reduce offshore risks. The reasons for this include major disruptions in supply chains over the past four years and changes in the geopolitical landscape.

In addition, due to labor shortages, returning to local production in Western countries has emerged as a significant challenge. In this context, Rototip offers “near-shoring” solutions to manufacturers in Europe and North America through its innovative platform. The concept of near-shoring can be defined as companies relocating their existing operations to a closer location.

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

“Since offshoring is no longer a reliable solution and local production networks in Western Europe and North America are not at a sufficient level, there is an extraordinary opportunity in the manufacturing market. The need for digitalization and technology is increasing day by day. As Rototip, we have a strong foundation. Our customers demonstrate clear loyalty, we are able to attract talented human resources, and our investment round attracted significant interest in a very exciting way. We are observing a shift in the market as customers increasingly prioritize reliability in delivery schedules and consistency in quality; we are highly successful in both of these areas.”

Gökhan Güner, Managing Partner at ACT Venture Partners, made the following statement regarding the investment:

“Global manufacturing is going through a challenging period in which manufacturers need to diversify their suppliers from nearby geographies in order to carefully manage quality and delivery risks. In this period, technological innovation and the digitalization of manufacturing processes will be decisive for success. Addressing a market size exceeding $25 billion, Rototip is positioned to play a significant role in unlocking the full potential of this dynamic environment.”