Partly

2022 - 12 - 13

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Image courtesy of "New Zealand Herald"

Partly, founded by ex-Rocket Lab engineer, closes largest Series A ... (New Zealand Herald)

The Christchurch auto parts firm was founded in 2020 by ex-Rocket Lab engineer Levi Fawcett - and Fawcett's ex-boss Peter Beck was one of the backers of an ...

I think that’s a superpower for a lot of New Zealand engineers.” As the firm looks to double in size over the next 12 months, Fawcett is partly after people with automotive and e-commerce business experience. But mostly he’s after brainbox data scientists to join the company’s teams in NZ, Australia and Europe. “We’re looking for the most outstanding software engineers globally who are excited about solving hard problems. “Indirectly” an annualised $4 billion worth of product is being ordered through its system - a big number in itself, but still a small slice of the global auto parts market, which is put at $1.9 trillion. The founder says many of the new hires will be offshore, particularly in Europe. The new funds will be used, in part, to double headcount to just over 100 over the next year. Was it the largest in NZ’s history? (Beck has backed multiple startups, including smart cow firm Halter, which was founded by another Rocket Lab engineer, Craig Piggott). What Americans call a “hood”, other countries call a “bonnet”. Fawcett is convinced his firm can be massive because it has no competitor. Partly takes an undisclosed clip of the ticket.

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Image courtesy of "TechCrunch"

Ex-Rocket Lab engineer raises $21M for Partly to make buying car ... (TechCrunch)

Partly's database of 50 million car parts from over 20000 suppliers is available to marketplaces to help buyers find the right parts.

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Image courtesy of "Startup Daily"

Kiwi car parts startup Partly banks record $NZ37 million Series A (Startup Daily)

Partly will use the investment to continue its global growth and double its headcount over the next 12 months.

We have a large customer backlog and are prioritising key customers mostly in Europe,” he said. The startup is now processing NZ$150 million in orders annually. The business is now active in New Zealand, Australia and Europe.

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Image courtesy of "LatestLY"

Ex-Rocket Lab Engineer Raises $21M for Partly to Make Buying Car ... (LatestLY)

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Image courtesy of "RNZ"

Car parts company Partly raises $37m in capital (RNZ)

Car part ordering platform Partly has raised $37 million in capital to speed-up global growth.

The round was led by Octopus Ventures, one of Europe's largest and most active VC investors, with participation from Square Peg, Blackbird, Shasta Ventures, Ten13, Square Co-Founder Randy Redigg, Hillfarrance, Icehouse, and I2BF. "We have a large customer backlog and are prioritising key customers mostly in Europe," chief executive Levi Fawcett said, adding the company was rapidly growing with annual orders of about $150m. Car part ordering platform Partly has raised $37 million in capital to speed-up global growth.

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