3D-printing startup DyeMansion raises $ 5 million in series A financing round to kick off global expansion
Munich – 06 September 2018. Already well-known in the 3D-printing industry for their unique ‘Print-to-Product’ workflow, the post-processing specialists from DyeMansion have now secured a $ 5 million series A funding to expand their global business and extend their portfolio. Developing a ground-breaking finishing technology for achieving injection molded surface quality on 3D-printed polymer parts will be their next big milestone.
CEO and co-founder Felix Ewald is confident that the new funds and the strategic support of UVC Partners, btov Partners and AM Ventures will help DyeMansion to grow and to reinforce their status as a technology leader in the industry. “With AM Ventures and our new investors, we have found the right people and expertise to accelerate our global roll-out and to develop additional technologies and industry 4.0 solutions. To have such experienced partners on board will help a lot along this journey,” emphasized Ewald.
Within the past three years, DyeMansion has won more than 400 customers all over the globe that already benefit from their technology. Among them, global players like BMW, Daimler, Under Armour, HP, Shapeways, Materialise, FKM and many more.
“Thanks to our customers and partners we have learned a lot about the demand for the digital factory of the future. With the new funds, we will expand our R&D capacity in order to raise the bar in post-processing automation and to provide the best possible end-use part finish for every application. Our new system for getting completely smooth surfaces on AM plastics will demonstrate DyeMansion’s capabilities once again”, explained Philipp Kramer, CTO and Co-founder of DyeMansion.
Benjamin Erhart, Partner at UVC Partners, is convinced of the market potential: “3D-printed polymer parts will find their way into serial production worldwide. DyeMansion not only serves but also enables this market. UVC is proud to support this fast-growing leader in its category.”
Robert Gallenberger, Partner at btov Partners added: “We have been deeply impressed by the enthusiasm as well as the execution and innovation capability of DyeMansion’s team from the very first meeting. This investment perfectly matches the strategy of the new btov Industrial Technologies Fund to back ambitious entrepreneurial teams focusing on hardware and software innovations with industrial use cases.”
“We have been supporting DyeMansion from the early beginning as a seed investor and we are very proud to see this extraordinary team growing successfully into a mature, professional and still one-of-a-kind company. In addition, “this funding round is also a fantastic statement for Munich as the world’s leading region for industrial Additive Manufacturing Technology”, said Arno Held, Chief Venture Officer of AM Ventures.
The Munich-based company was founded in 2015 and offers a variety of high-volume finishing systems for an easy ‘Print-to-Product’ workflow that transforms raw, 3D-printed parts into high-value consumer and industrial products. With the ability to provide precision coloring and finish to the most exact specifications, DyeMansion technology is already trusted by more than four-hundred customers, including leading global manufacturers in diverse industries, such as eyewear, automotive, retail, medical, and sports equipment. That is why DyeMansion has quickly established itself as the global leader in additive manufacturing finishing systems. DyeMansion works with all major industrial, powder-based 3D printing systems, including EOS, HP, 3D Systems and Prodways and delivers high-volume production for anything from luxury sunglasses to mission-critical automotive parts.
About Unternehmertum Venture Capital Partners
Unternehmertum Venture Capital Partners (UVC Partners) is a Munich-based early-stage venture capital firm that invests in technology-based startups in the areas of industrial technologies, enterprise software and mobility. The fund typically invests between € 0.5 – 3m initially and up to € 12m 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 180 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. The portfolio includes investments such as FlixBus, KONUX, Blickfeld, 3YOURMIND and Vimcar.
About btov Partners & btov Industrial Technologies Fund
btov is a European venture capital firm, managing about EUR 375m in institutional funds, partner funds and direct investments of private investors. btov teams in St.Gallen, Berlin, Munich and Luxemburg jointly with seasoned entrepreneurs back start-ups with teams willing to make the difference. The btov Industrial Technologies Team has backed companies ranging from component, module and systems hardware companies with embedded software to application and infrastructure software suppliers for industrial verticals. Its technology focus lies in robotics & autonomous vehicles, industrial machine learning, industry 4.0 and IoT, cyber-physical security, electronics & photonics, additive manufacturing, power conversion and storage, medical and quantum technologies.
About AM Ventures
AM Ventures Holding GmbH (AMV) is an independent, strategic investor based in Munich, Germany. The company has established an ecosystem consisting of sustainable strategic investments and a strong partner network to utilize advanced manufacturing technologies, in particular additive manufacturing, for serial production. The unique ecosystem consists of hardware, software, material and application ventures as well as production hubs around the world besides various partnerships with large corporations focusing on the production of disruptive applications. The market leaders in additive manufacturing (EOS Group) and laser scanning technology (Scanlab) are sister companies of AMV. Furthermore, the ecosystem includes a network of long-term focused and relationship oriented investors and a pool of industry experts with decades of experience in engineering, production and executive management. AMV’s unique approaches include the funding of ventures with customized investments and advanced production technologies, the design of advanced value chains for the serial production of specific applications and the acceleration of businesses by providing unique know-how.