How Modra Technology is expanding and advancing carpet manufacturing automation with growth capital

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For over 30 years, Modra Technology has been developing automation solutions for carpet manufacturers. Based in Warragul, Victoria, this family-owned business supplies machinery to over 200 clients in 35 countries, with a reputation for innovation in carpet sampling and creeling technology.

A key driver of Modra’s recent growth has been the CreelMT™ Mobile, an automated yarn creeling system designed for commercial tufted carpet production. By automating labour-intensive processes, it reduces manual creeling time from 24 hours to just 4 hours, lowering labour costs by up to 83% per production run. It also reduces yarn waste by 12% and eliminates the need for disposable cardboard cores, cutting material costs significantly. Additionally, CreelMT improves workplace safety by minimising manual handling and repetitive strain risks, creating a more efficient and sustainable manufacturing process.

As demand for its technology increased, Modra sought a way to scale operations and expand its R&D capabilities. Partnering with the Australian Business Growth Fund (ABGF) has provided the capital and strategic support needed to expand internationally and accelerate the development of new products.

With ABGF’s backing, Modra is refining its approach to large-run carpet manufacturing, investing in product development, and strengthening its leadership team. These efforts aim to position the business for long-term growth while supporting Australian onshore manufacturing.

Growth capital, on your terms

For Australian manufacturing SMEs, securing investment is often a challenge – particularly for businesses that want to scale without giving up control.

ABGF offers minority growth capital tailored to manufacturing businesses like Modra, providing funding alongside strategic support in areas such as governance, executive hiring, and operational scaling. This approach allows founders to retain control while accessing the resources needed for expansion.

Backing Australian manufacturing innovation

ABGF is Australia’s only dedicated growth capital fund for SMEs, established through a partnership between the Federal Government and six major banks. It provides long-term capital to high-potential businesses, investing between $5 million and $15 million per company.

As a minority-only investor, ABGF helps companies scale while maintaining founder control, with a focus on strengthening Australia’s manufacturing capabilities across key industries.

Want to learn more?

If you’re a high-growth manufacturing business looking to expand, join our Growth Capital Webinar. Hear from ABGF’s investment team on how equity funding can support your next stage of growth. The session will also explore Modra’s journey in more detail, providing insights into their approach to scaling while maintaining their innovation edge