AM Ventures holds initial closing of EUR100m 3D printing VC fund
AM Ventures, a venture capital firm in additive manufacturing (AM), has held the initial closing of a venture capital fund dedicated to industrial 3D printing.
The company and major shareholders, the LANGER GROUP, join forces with KGAL, one of the leading independent investment and asset managers for real capital investments in Europe. The initial closing brings the fund close to 50 per cent of the targeted commitment. The fund will continue to focus on further strengthening the support for seed and early growth stage hardware, software, materials, and applications startups in industrial 3D printing globally. The closing of this one-of-a-kind investment fund represents a strong signal not only for the AM industry itself but also for investors looking to benefit from the strong dynamic in advanced manufacturing M&A.
Dr Hans Langer, Founding Partner in the newly formed fund and representative of the LANGER GROUPm, says: “After dix years of successfully investing in AM-based startup companies, we decided to jointly take our business to the next level and join forces with the international asset manager KGAL. I am thankful for the achievements the AM Ventures team has made since we started in 2015 and I am very happy to now be working alongside my two former managing directors as new Managing Partners in the fund. This step is a massive opportunity for all AM startups around the world and will help to further accelerate the adoption of Additive Manufacturing.”