Inventables is the hallmark of a rather interesting phenomenon on the web – that of an e-retailer which deals exclusively in hardware products meant for designers indulging in product development and essentially connects vendors with buyers. The good news for designers are that the company has now been able to raise $1.65 million in funding.
Inventables is based on a rather extra-ordinary idea. Designers often need products which are available in huge quantities in the market but barely ever in smaller amounts. Yet, during their product development, they only need minute amounts of these products.
So, Invenables serves as a two-way marketplaces in that it connects the vendors and buyers dealing in such products as are needed by the designers and in the appropriate amounts. You can lay your hands on a whole range of intriguing, yet useful, products at Inventables.
The front page boasts a whole lot of surface textures, molding materials, 3D printer filament, LEDs, sensors, suction cup tapes and more. Reading through the list of the available products would give you an idea that they are specifically geared at a niche audience which is up to hardware development.
Inventables offers the ability to list products and inquite about the available listing for free. However, any transaction beyond that has to pay a token fee to Inventables. In this, the company operates much like many workplaces on the web.
The idea behind Inventables has apparently hit home as the marketplace has gained significant traction in recent times. And the fact that it has been able to raise $1.65 million in a new round of funding does speak a lot of the investors’ faith in it.
Courtesy: Pando Daily