DyeMansion receives fresh capital by EIC Fund and EIB as well as reinforces team with two new board members
03.02.2021 (Munich) – "The financial support of the EU as well as the additional expertise on the board will help DyeMansion continue to lead the transformation of the 3D-printing industry at the forefront. Combined with the momentum in the fourth quarter of 2021 and the continued support of our existing investors, we are now well positioned to continue to energetically develop relevant, highly industrial technologies that help our customers produce 3D-printed products with superior quality", says Felix Ewald, CEO & Co-Founder of DyeMansion, right after a record-breaking Q4 in 2021, when the company sold over 100 machines.
The European Innovation Council (EIC)Fundis Europe’s flagship innovation program to identify, develop and scale up breakthrough and game changing technologies. As a result of the successful market launch of DyeMansion’s VaporFuse technology and its hardware Powerfuse S the EIC Fund is adding a fresh € 4 million funding.
Already in 2020 the EIC has selected DyeMansion with their Powerfuse S to be part of the first “Green Deal” call within the European Union’s Horizon 2020 research and innovation program. With the successful rollout of the green & industrial vapor polishing system for sealed surfaces, DyeMansion supports the aim of the EU promoting the efficient use of resources by moving to a clean, circular economy. Now the EIC Fund supports this unification of economic sustainability and digital manufacturing again.
The additional € 11 million funding of the European Investment Bank (EIB) is backed by the European Guarantee Fund (EGF) Venture Debt. The EGF-VD allows the Bank to provide growth capital to European small and medium sized companies (SMEs) impacted by the COVID-19-crisis. EGF Venture Debt is based on a 100% risk coverage from the 22 participating EU-member states.
With the EU funding, the company’s total financing reaches $ 43 million. Recognizing sustainability as one of DyeMansion’s core values that drives each innovation of the fast-growing company, the EIB especially supports Research &Developmentexpenses.
This further EU financing lays the long-term foundations for DyeMansion to remain the technologyleader for post-processing. DyeMansion is now able to bring even more and even faster new productsto the market, such as the Powershot Performance Series in 2021.With their innovations, DyeMansion blendsright into the factory of thefuture with state-of-the-art automation technologyto set-up industry 4.0 ready production lines of tomorrow.
DyeMansion also announces that Felix Reinshagen and Peter Nietzer became the two new members of the advisory board. As an experienced entrepreneur, board member and investor, Peter Nietzer will actively accompany the development of DyeMansion as Chairman of the Board. In addition to various active roles in the management of private and public companies, he currently supports firms as an investor and board member. Peter Nietzer brings industry experience not least from his role as Chairman of the Supervisory Board of Voxeljet, which he has accompanied since 2013.
Felix Reinshagen is founder and CEO of NavVis, a high-tech startup in the field of reality capture and digital twins in construction and manufacturing. His experience in building a fast-growing high-tech company in the B2B industry environment will not only be available as a board member but also as a sparring partner for DyeMansion’s founders and management.
The company’s existing investors AM Ventures, btov Partners, UVC Partners, KGAL and Nordic Alpha Partners are also happy about this news and remain bullish on DyeMansion’s journey.
“I got to know Felix and Philipp already before the incorporation of DyeMansion in 2015 and I am more than happy that I had the chance to support them ever since. I continue to be very impressed with what this strong team has achieved so far. Their technology has been a key driver in developing the Additive Manufacturing market further and in enabling high-volume applications. Their outstanding results last quarter and a strong pipeline for 2022 show the great potential of DyeMansion. And the best is yet to come”, says Arno Held, Managing Partner of AM Ventures.
Nicklas Bergman, EIC Fund Investment Committee member, added: “We are proud to announce the EIC Fund support to DyeMansion. Through this investment, the EIC Fund is backing the additive manufacturing post-processing company growth and helping this company to implement a more sustainable supply chain.”Fabrizio Morgera, Senior Investment Officer at the EIB, said: “We are happy to support F&E-activities at this innovative start-up-company. We believe in the 3D printing market, and post processing should be one of the winners following the Covid crisis, concerning global supply chains and sustainability.”
DyeMansion is the global leader in post-processing solutions for industrial polymer 3D-printing that turn 3D-printed raw parts into high-value products. From perfect fit eyewear to personalized car interiors, their technology enables the era of digital manufacturing where 3D-printed products become part of our everyday life. Starting in 2015 with the first industrial coloring solution for powder bed fusion parts, the Munich-based company extended its portfolio with advanced part cleaning and surfacing solutions for a wider range of 3D-printing technologies in the field of plastics. Today, DyeMansion’s Print-to-Product workflow combines industry-leading hardware with the widest range of color and surfacing options on the market. Their systems are applicable for Industry 4.0 and can be integrated seamlessly into various production processes. The ability to provide a flexible solution for both small batches and high volumes makes DyeMansion a trusted partner for future factories. Through close collaboration withcustomers across all industries, the 3D-finishing technology and expertise continuously grow with the market. Reduced cost per part, unmatched quality, and high sustainability are core values that drive each innovation of the fast-growing company. In addition to these principles, finding the right finish for every application is what drives them.
About UVC Partners
UVC Partners is a Munich- and Berlin-based early-stage venture capital firm that invests in European B2B startups in the areas of enterprise software, industrial technologies, and mobility. The fund typically invests between € 0.5m - 10m initially and up to € 30m in total per company. Portfolio companies benefit from the extensive investment and exit experience of the management team as well as from the close cooperation with UnternehmerTUM, Europe’s leading innovation, and business creation center. With over 300 employees and more than 100 industry partners, UnternehmerTUM can draw from many years of experience in establishing young companies. This cooperation enables UVC Partners to offer startups unique access to talent, industry customers, and other financial partners.