Shearwater Capital has led the Series A investment in Factory, a Sydney-based software company building workflow and job management tools for fabricators and manufacturers.

Factory replaces paper, spreadsheets and disconnected systems with a purpose-built platform that manages quoting, scheduling, inventory, job tracking and invoicing in one place. By sitting at the centre of daily operations, Factory becomes the system through which work flows.

Our conviction begins with the founders. Brothers Paul and Michael Lutkajtis combine strong product and technical capability with firsthand experience in a family fabrication business. That background shows up in a product that reflects how these workshops actually run.

The manufacturing SME sector remains materially under-digitised, particularly at the SMB end of the market. Factory has started with sheet-metal fabricators and has a clear pathway to broaden its product and expand geographically over time.

As Factory embeds deeper into customer workflows, it is well positioned to extend into the financial layer. With visibility over jobs, cash flow and operational performance, the platform can support payments, financing and other financial services that are tightly integrated into how these businesses operate.

Over time, we see Factory evolving into a system of execution. By automating repetitive tasks the platform can take on an increasing share of the operational workload, improving efficiency and allowing teams to focus on higher-value work.