Gembah raises $11M to ‘democratize product innovation’

13 Jul, 2021

Gembah raises $11M to ‘democratize product innovation’
Photo by Nick Morrison on Unsplash

– Gembah, a platform/marketplace designed to guide users through the product-creation process, raised $11m in Series A funding.
– The round was led by ATX Venture Partners and joined by Silverton, Flexport, Brett Hurt, Jim Curry and Dan Graham.
– It brings Gembah to a valuation of $40m.
– The company says the pandemic has actually been something of a boon for its business model, as hardware startups are looking toward a more online model — and something a bit closer to home than the traditional sales channels.
– The company says its revenue grew 500% in 2020 and is on track to triple revenues this year.

Manufacturing North America Product Design
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