proGrow, a production management platform, has its roots in the industrial world and aims to help manufacturing plants produce more, using less resources.
Portugal Ventures just announced an investment on this web platform, that enables the collection, monitoring and management of production data on continuous improvement methodologies. Production management is centralised on a single device which allows companies to not only identify losses in production efficiency, but it also enhances communication between the different teams in the implementation of their improvement actions and subsequent increase in their productive results.
Marco Tschan Carvalho, Founder & CEO of the Porto based startup, is aware of the challenges, and confident about this partnership:
“Our challenge now is to ensure the best possible distribution of proGrow, regardless of the location or size of the plant in question. This partnership with Portugal Ventures is in line with our growth strategy. Together we can respond more rapidly to the market and thus provide our continuous improvement platform simply and effectively.”
Portugal Ventures CEO, Celso Guedes de Carvalho stated that “Portugal Ventures’ Investment in proGrow is part of the response to the challenges of Industry 4.0, which invests in startups that provide solutions and tools which add value to the manufacturing sector. Portugal Ventures’ participation will enable proGrow to enter and grow in the international market, and will strengthen the sector with its smart production management platform, which enables, on a single device and in real time, the monitoring and assessment of all data from a company’s factory floor.”
Industry 4.0 is a theme on Portugal Ventures’ agenda. The VC firm launched the Industry 4.0 Call, a new investment programme aimed at entrepreneurs and companies with the purpose of promoting the creation of business and university start-ups and spin-offs within the Industry 4.0 concept, thus contributing in accelerating the development and modernisation of the domestic industry, making it more productive and prosperous, efficient, flexible and globally competitive.