DyeMansion’s $5M Funding
DyeMansion has secured $5 million in Series A funding.
The Munich-based company focuses on post-processing and is eyeing expansion.
“While being in close contact with our customers and constantly seeking feedback, we see opportunities every day. I am very happy that we can finally release our full R&D potential with the new funds. From now on, we can take the next step and will be in the lead with everyone, who wants to challenge the injection molding market. Our current ‘Print-to-Product’ workflow has already enabled many applications and brought us into the position we are in today. Now it’s time to take it to the next level with further development to meet high-end industry requirements,” DyeMansion CTO and Co-Founder Philipp Kramer told Fabbaloo.
Financial investors Unternehmertum Venture Capital (UVC Partners) and btov Partners (btov Industrial technologies Fund), along with strategic investor AM Ventures, are enthusiastic about the potential DyeMansion brings to 3D printing.
AM Ventures, which has supported DyeMansion from its early days as a seed investor, is “very proud to [see] this extraordinary team growing successfully into a mature, professional and still one-of-a-kind company,” as Chief Venture Officer Arno Held noted.
“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,” added Robert Gallenberger, Partner in the Industrial Technologies Team at btov Partners. “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.”
As 3D printing continues to move toward production capabilities, final part quality becomes of increasing importance. DyeMansion’s proven ability to create consistent color and finish have shown their value with some impressive partnerships for the young company. With more than 400 customers worldwide, big names including BMW, Daimler, HP, Materialise, Shapeways, and Under Armour provide strong recommendations for what DyeMansion delivers.
“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,” said Benjamin Erhart, Partner at UVC Partners of the company’s investment.
DyeMansion is targeting “a groundbreaking finishing technology for achieving injection molded surface quality” for polymer 3D printed parts, the company’s press release reveals. CEO and Co-Founder Felix Ewald sees the funding round as being key to the next steps forward, noting that “we have found the right people and expertise to accelerate our global roll out and to develop more technologies and industry 4.0 solutions.”
Kramer noted that the investment round will allow the company to expand its 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,” with emphasis on the forthcoming system for smooth surface finishes.
Funding for young companies is helping to raise the profile and capabilities of 3D printing startups, as well as underscoring the faith that investors have in their offerings. DyeMansion, with its high-profile partnerships and growing global presence, is seeing a path ahead as smooth as the prints its technology provides.