Bulgarian startup Fabrico, an innovative digital maintenance tool specialised in manufacturing, has secured a fresh funding round from Sofia Angels Ventures (SAV) and Ficosota. The round also received support from InnovFin Equity and the European Fund for Strategic Investments (EFSI) set up under the Investment Plan for Europe. Sofia Angels Ventures announced the news on their website.
About Fabrico
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Founded in 2022 by Blagovesta Pugyova, Fabrico automates the processes of data collection and analysis, enabling production teams to make informed decisions in real-time. Meanwhile, managers can gain a clear understanding of the state and efficiency of their assets, helping to reduce waste, optimize productivity, and increase profitability of the manufacturing.
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The Fabrico OEE module is its new product designed to measure and enhance production efficiency, seamlessly complementing Fabrico’s existing machine maintenance software. This solution sets a new benchmark for manufacturing performance.
OEE (Overall Equipment Effectiveness) is a key standard for measuring production efficiency, now evolving within the framework of Industry 5.0. Fabrico’s new module leverages advanced IoT and AI technologies, including computer vision, to deliver a comprehensive analysis of production assets—tracking downtime, identifying its causes, and assessing productivity and quality.
Investment details
The round was backed by Sofia Angels Ventures (SAV) with the support from InnovFin Equity, with the financial backing from the European Union under Horizon 2020 Financial Instruments and the European Fund for Strategic Investments (EFSI) set up under the Investment Plan for Europe. Additionally, Ficosota and angel investors also participated in that round.
The amount of the deal remains undisclosed.
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Ficosota is a Bulgarian manufacturer of home and personal care products, tissue and snack food. The collaboration between Fabrico and Ficosota is a key highlight of this round.
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Sofia Angels Ventures is a Sofia-based €13 million co-investment VC fund backed by the European Investment Fund to co-invest on deal-by-deal basis alongside private co-investors. Its ticket size ranges from €200,000 to €500,000 for first investments and goes up-to €1 million for follow-on investments.
The investment will allow Fabrico to strengthen its market position and accelerate technological advancements, creating value for production teams and managers alike.
With support from Sofia Angels Ventures and the strategic collaboration with Ficosota, Fabrico is well-positioned to launch the Fabrico OEE module on the European market in 2025.
Previously, AIN informed that Fabrico secured €680,000 investment from Vitosha Venture Partners, Innovation Capital, as well as Sofia Angels Ventures.
