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 groundbreaking 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 more 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,” says 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 in the Industrial Technologies Team 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 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 seeing 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.