CADDi Raises $89 Million

CADDi is an online ordering platform that specifically caters to the unique needs of the manufacturing industry. Designed to streamline the procurement process, CADDi enables manufacturers to track and order industrial products seamlessly. The startup now offers two major solutions: CADDi Manufacturing, a parts procurement platform, and CADDi Drawer.

CADDI has raised $89 million in a Series C round and intends to use the fresh funding to scale its business and help those equipment manufacturing players. Existing investors Globis Capital Partners, DCM Ventures, Global Brain, World Innovation Lab, JAFCO and Minerva Growth Partners participated in the Series C financing along with four new investors, including SMBC Venture Capital and Mitsubishi UFJ Capital.

CADDI, Tokyo, Japan, was founded in 2017 by Daiki Yukimatsu, Kobashi Akifumi, and Yushiro Kato. Since its last fundraising, the number of employees has more than doubled from 250 to 590 globally, and the startup launched a new platform called CADDi Drawer, an artificial intelligence-powered cloud service for managing drawing data, last June. “We can expand into the U.S. by leveraging [our] knowledge and technology that have developed since our inception, primarily in Japan and across a variety of manufacturing industries,” Kato noted.

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