Prodsmart secures $ 1.5 million in seed funding

The Portuguese startup that is part of the 500 Startups accelerator program has recently locked down $ 1.5 million in seed funding.

Founded in 2012 by Gonçalo Fortes and Samuel Martins, Prodsmart secured $ 1.5 million (approximately € 1.2 million). This boost will allow for the growth of the customer success team, as well as bringing 10 more people aboard.

“Our goal is to provide our clients with not only a software, but also a team that will help them find a solution for the number of challenges we believe all SMEs industry deal with on a day-to- day basis”, Gonçalo Fortes, CEO, pointed out.

The investment was carried out by venture capitalists Join Capital (Berlin), Caixa Capital (Portugal), and Innovation Nest (Poland), as well as portuguese business angels Francisco Lobo, Pedro Vieira, Pedro Trinité, and Telmo Valido.

“We strongly believe that data will play an important role in the current evolution of the global manufacturing market. In order to increase efficiency and integrate across the entire supply chain, manufacturing floors will need to become digital. Thanks to Prodsmart, access to real-time factory floor, data has become easy and affordable. We are excited to support the founders in making Prodsmart the go-to cloud-based manufacturing execution system”, Marcin Szelag, from Innovation Nest, stated.