3D-printing company Dyemansion raises USD14m
Danish growth fund Nordic Alpha Partners has teamed with 3d-printing company Dyemansion's existing investors – UVC Partners, btov Partners, KGAL, and AM Ventures – in a USD14 million Series B funding round.
“We are super happy to have Nordic Alpha Partners on board for our growth journey," says Felix Ewald, CEO & co-founder of DyeMansion. "They are a perfect fit for the current phase we are in with DyeMansion. Their unique approach and expertise will help us to further strengthen our position as a global industrial leader. It makes us proud that all our existing investors are continuing with their support as well. This will help us and our customers worldwide to drive the transformation of manufacturing to digital production and the factory of the future.”
The new funds will be used to speed up the shift to digital manufacturing in all matters. On the product side, this means automated, digitally connected and fully integrated process chains. On the organisational side, the funding will further strengthen DyeMansion’s global presence and fulfilment capabilities via new demo facilities, regional application consultants and commercial business infrastructures. The aim: Enabling global accounts, local customers and partners to get started with 3D-printing or move to the next level of serial manufacturing with their application and factories almost anywhere.
“At Nordic Alpha Partners (NAP) we strive to invest in the technology leaders spearheading the industrial transformation, but 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,” says Laurits Bach Sørensen, Value-Creation Partner at NAP and he is followed by Rasmus Lund, Investment Partner at NAP “Great companies can always get funding and furthermore we believe that Covid-19 will be an accelerator of the 3D-print adoption, so we are thrilled that the management team and the other investors both embraced NAP’s value creation model and allowed us to join DyeMansion’s mission.”
Chief Venture Officer of AM Ventures, Arno Held, says: "We at AM Ventures are very proud to have been part of the DyeMansion success story from the very beginning. 6 years ago, we jointly realised the great potential of post-processing 3D-printed parts. It became clear that a smooth integration and scalability of finishing and colouring is what our industry needs in order to make Additive Manufacturing a mass manufacturing technology. Since then, this unique team has not only created its own segment within the AM industry. DyeMansion has unlocked the gate to colourful and aesthetic 3D printed applications in numerous verticals with manufacturing volumes beyond imagination."