May 22, 2014
About a year ago we reported that Jen McCabe was laying the preliminary ground work for a new, somewhat ambiguous project in Downtown Las Vegas. Over the last year we’ve watched as McCabe’s project morphed into Factorli, a new manufacturing startup that allows companies to build their first run of hardware products stateside. Yesterday they successfully closed a $10 million Series A funding round led by Tony Hsieh and the VegasTechFund.
The formative idea behind Factorli is a simple one: provide a channel for companies to manufacture new products in small volumes versus commercial production that gives you hundreds of extras that companies don’t need. McCabe is working round the clock to get the facility online in time for CES 2015, but if you’re curious tours are available during the construction.
And thanks to the funding McCabe will be able to curate a great team. The crew that already works with Factorli is strong, but, according to McCabe, there is a need to hire for contract manufacturing and machine operations as well as the business side of things.
“To run Factorli optimally we have to build a software interface that coordinates the efforts of people, plant, and equipment, so those hires are very important for growth,” says McCabe.
It’s worth considering how Factorli might fit into the Downtown Vegas ecosystem and provide more than just work opportunities for people there. Specifically, Factorli will be geared towards hardware startups which could in turn attract a lot of attention from smaller stage OEMs and bring some new blood to the scene.
While McCabe brings new customers and startups to the front door of Factorli she’ll also, by extension, bring those same customers to the front door of every other business in Downtown Vegas.
“Downtown Vegas is home. It offers plenty of room to grow and is a friendly environment for innovative new businesses. We have a lot of support from folks at the city, county, and state level and hope to become a key employer,” says McCabe. “Our customers will visit often, so we hope to see a positive economic impact on downtown and the Arts District as they find it a great place to work, play, and hopefully – live.”
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