DyeMansion, a Munich-based industrial 3D printing company, has raised $14 million in Series B funding. Danish growth fund Nordic Alpha Partners joined the startup’s existing investors UVC Partners, btov Partners, KGAL and AM Ventures.
The company offers finishing systems, packaged in a three-step ‘Print-to-Product’ workflow, which take freshly 3D printed parts and finalise the production process so items are ready for the market. Products that run through their system include eyewear, personalised car interiors and tailor-made orthotics.
Co-founder and CEO Felix Ewald says the funding will fuel the company’s mission, “to drive the transformation of manufacturing to digital production and the factory of the future.” Concretely, the next steps look like new demo facilities and global expansion, but with regional application consultants who can help local customers and partners to get started with 3D-printing or move to the next level of serial manufacturing.
Laurits Bach Sørensen of NAP commented: “It is rare that we come across a company like DyeMansion that is not only clear category leader, but with a position that is truly accelerating the transformation.”
Founded in 2013, the startup has raised $24 million to date, including a $5 million Series A two years ago.
Photo: Philipp Kramer (CTO and co-founder), Felix Ewald (CEO and co-founder). Copyright DyeMansion