Prototype Hubs
Getting a quote and interacting with multiple manufacturers is a slow and outdated procedure. Prototype Hubs has developed an advanced manufacturing web-based platform to automate and simplify the manufacturing process so that customers can get hundreds of instant prices and feel great about choosing a manufacturing partner that meets their requirements.
Their main advantage over their competitors is that they offer customers hundreds of instant prices in seconds with the customers choice of manufacturing partner. Their competitors, on the other hand, can only offer a single price.
Traction
Prototype Hubs launched in August, 2019. Since then they have established relationships with over 500 Manufacturers in over 19 different countries. They have also managed to process in excess of 4,000 quotes, and this number continues to rise.
Their biggest hurdle will be continuing to scale during these trying times, given the impact of COVID-19. Although the company is in a good position to weather the storm, they are constantly looking to grow at a pace that is sustainable.
Team
Mitchell Eaton, Co-Founder & CEO
Hassan Haymour, Co-Founder & COO
Tien Nhan, Co-Founder & CTO
Funding
So far Prototype Hubs have been self funded & bootstrapped. They are now looking to raise $1,000,000. They are looking to secure this funding to accelerate their global growth. The majority of funds will be used for marketing and sales growth.
Currently they are looking into hiring some summer students to help give back to their communities. The Prototype Hubs team were once students as well, and they know how hard it can be to be a student, so they would like to do their part and extend an opportunity to local students.
Revenue Model
Prototype Hubs earns commission from sales through their site. They also receive recurring revenue from manufacturing partners.
Details
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