{"id":68267,"date":"2019-07-29T12:54:54","date_gmt":"2019-07-29T04:54:54","guid":{"rendered":"http:\/\/facfox.com\/news\/aerospace\/fuel-ventures-invests-500000-in-manufacturing-source-on-demand-production.3dm"},"modified":"2019-07-29T12:54:54","modified_gmt":"2019-07-29T04:54:54","slug":"fuel-ventures-invests-500000-in-manufacturing-source-on-demand-production","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/fuel-ventures-invests-500000-in-manufacturing-source-on-demand-production\/","title":{"rendered":"Fuel Ventures invests \u00a3500,000 in Manufacturing Source on-demand production"},"content":{"rendered":"<div id=\"dpsp-content-top\" class=\"dpsp-content-wrapper dpsp-shape-rectangular dpsp-size-medium dpsp-has-spacing dpsp-has-buttons-count dpsp-show-on-mobile dpsp-button-style-1\">\n<ul class=\"dpsp-networks-btns-wrapper dpsp-networks-btns-content dpsp-networks-btns-share dpsp-column-auto\">\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<\/ul>\n<\/div>\n<p>Manufacturing Source, a London-based on-demand manufacturing company, has received a \u00a3500,000 investment to develop software supporting its 3D printing, CNC machining, injection molding, and sheet metal services.<\/p>\n<p>Funding was provided by early stage venture capital specialist Fuel Ventures, also based in London.<\/p>\n<p>Will Hoyer Millar, co-founder of Manufacturing Source, comments, \u201cOur aim is to be the go-to platform that fast-moving design and engineering teams turn to when looking to make the world\u2019s most innovative products, and we\u2019re delighted to have the backing of Fuel Ventures to build our team and further develop our intelligent software.\u201d<\/p>\n<figure id=\"attachment_146993\" style=\"width: 2048px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-146993 size-full\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/01\/3.jpg\" alt=\"Metal parts made by Manufacturing Source. Image via Manufacturing Source.\" width=\"2048\" height=\"1365\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/01\/3.jpg 2048w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/01\/3-150x100.jpg 150w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/01\/3-1024x683.jpg 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/01\/3-770x513.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/01\/3-200x133.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/01\/3-500x333.jpg 500w\" sizes=\"(max-width: 2048px) 100vw, 2048px\" \/><figcaption class=\"wp-caption-text\">Metal parts made by Manufacturing Source. Image via Manufacturing Source.<\/figcaption><\/figure>\n<p><strong>On-demand manufacturing <\/strong><\/p>\n<p>Founded in 2017, Manufacturing Source brings together a range of manufacturing technologies with an instant quotation platform to deliver prototyping and end-use parts. Its goal as a service is to counter supply chain obstacles such as part obsolescence and spare parts storage expenses.<\/p>\n<p>Hoyer Millar explains, \u201cDespite recent technological advancements in line with the 4th industrial revolution, the process of collecting quotes for and ordering custom manufactured parts can still be an extremely painful process [\u2026] that\u2019s how Manufacturingsource.com came about,&#8221;<\/p>\n<blockquote>\n<p>&#8220;We\u2019ve set out to solve the problem of how difficult it is to manufacture high-quality custom parts, quickly and at a fair price.&#8221;<\/p>\n<\/blockquote>\n<p>The company\u2019s instant quotation platform lets users upload CAM and CAD files and get a manufacturing quote within twenty-four hours. For 3D printing in particular, the site offers over forty materials, suitable respectively for SLA, FDM, SLS, or Direct Metal Laser Sintering (DMLS).<\/p>\n<p>According to Manufacturing Source, its digital platform has been used to quote over 800k parts, and accommodates users from over 400 companies.<\/p>\n<figure id=\"attachment_146994\" style=\"width: 2048px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-146994 size-full\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/01\/2.jpg\" alt=\"A plastic component made by Manufacturing Source. Image via Manufacturing Source.\" width=\"2048\" height=\"1365\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/01\/2.jpg 2048w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/01\/2-150x100.jpg 150w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/01\/2-1024x683.jpg 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/01\/2-770x513.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/01\/2-200x133.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/01\/2-500x333.jpg 500w\" sizes=\"(max-width: 2048px) 100vw, 2048px\" \/><figcaption class=\"wp-caption-text\">A plastic component made by Manufacturing Source. Image via Manufacturing Source.<\/figcaption><\/figure>\n<p><strong>Boosting early stage startups <\/strong><\/p>\n<p>For many, on-demand manufacturing services are proving a lucrative niche for maximizing the potential of 3D printing and other more traditional technologies.<\/p>\n<p>In 2018 3DCompare, also based in London, launched its platform for costing small batch 3D printing jobs and, through its partners, now enables the comparison of more than 11,000 3D printing materials.<\/p>\n<p>In the U.S., Xometry has enjoyed a string of successful funding rounds. And, more recently, the World Economic Forum (WEF) and McKinsey &amp; Company named Chicago-based service bureau Fast Radius one of its &#8220;Fourth Industrial Revolution production lighthouses.&#8221;<\/p>\n<p>According to Mark Pearson, Founder and Managing Partner of Fuel Ventures, \u201cThis is an exciting time for Fuel Ventures and its start-ups, and  Manufacturingsource.com is a great business that has so much growth potential in a very lucrative industry,&#8221;<\/p>\n<blockquote>\n<p>&#8220;They have achieved a fantastic level of growth since launching last year and are making plans for further expansion following this investment.&#8221;<\/p>\n<\/blockquote>\n<figure id=\"attachment_146712\" style=\"width: 960px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-146712 size-full\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/01\/fuel-ventures-team-2-5bb382eaca318-5bb3834659903.jpg\" alt=\"Fuel Venture's founder Mark Pearson (far left) with his team. Image via City AM.\" width=\"960\" height=\"600\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/01\/fuel-ventures-team-2-5bb382eaca318-5bb3834659903.jpg 960w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/01\/fuel-ventures-team-2-5bb382eaca318-5bb3834659903-770x481.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/01\/fuel-ventures-team-2-5bb382eaca318-5bb3834659903-200x125.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/01\/fuel-ventures-team-2-5bb382eaca318-5bb3834659903-500x313.jpg 500w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/><figcaption class=\"wp-caption-text\">Fuel Venture&#8217;s founder Mark Pearson (far left) with his team. Image via City AM.<\/figcaption><\/figure>\n<p><em><a href=\"\/service\/3d-printing\"> Industry Awards 2019<\/a> are near. Please take a moment to nominate your choices. <\/em><\/p>\n<p><em>For more manufacturing news, subscribe to our 3D printing newsletter. You can also follow us on Twitter and Facebook for live updates. <\/em><\/p>\n<p><em>If you are looking for a career in the manufacturing industry, then visit our <a href=\"\/service\/3d-printing\"> Jobs<\/a> page.  <\/em><\/p>\n<p><em>Featured image shows metal parts made by Manufacturing Source. Image via Manufacturing Source.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Manufacturing Source, a London-based on-demand manufacturing company, has received a \u00a3500,000 investment to develop software supporting its 3D printing, CNC machining, injection molding, and sheet metal services. Funding was provided by early stage venture capital specialist Fuel Ventures, also based in London. Will Hoyer Millar, co-founder of Manufacturing Source, comments, \u201cOur aim is to be [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":182442,"comment_status":"open","ping_status":"close","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"fifu_image_url":"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/01\/3.jpg","fifu_image_alt":"","footnotes":""},"categories":[53],"tags":[169,170,173],"class_list":["post-68267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aerospace","tag-3dprint","tag-3dprinting","tag-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Fuel Ventures invests \u00a3500,000 in Manufacturing Source on-demand production - 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