AM Ventures is unveiling the first-ever venture capital fund dedicated to industrial 3D printing. For this project, the company and major shareholders, the LANGER GROUP, joined 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% 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 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 GROUP commented on the initiative: “After 6 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.”
With an investment volume of €15 bn and more than 390 funds launched since its foundation in 1968, KGAL contributes with significant experience and financial resources. AM Ventures’ expertise in, and focus on early-stage, deep-tech investments adds a new asset class to their already strong portfolio with great potential for more funds in the future.
Dr. Klaus Wolf, Chief Investment Officer at KGAL, said his firm is proud to become a shareholder in the newly formed AM Ventures Management GmbH, alongside the LANGER GROUP and Managing Partners Johann Oberhofer and Arno Held. “This is a perfect match,” Wolf said, adding that “the expertise of AM Ventures and KGAL ideally complement each other. AM Ventures, through their shareholder base, bring in-depth knowledge of industrial 3D printing thanks to their long commercial presence in this field; KGAL in turn has a proven track record in access to investors. Additive manufacturing offers impressive potential to produce industrial goods in a resource-effective and sustainable way. Through this joint venture, we are laying the foundations for a long-term partnership and for further funds in a strong growth market.”
AM Ventures is proud to initially close the fund with several multi-million commitments from a strong investor base. Besides the LANGER GROUP, KGAL and its shareholders, multiple high net-worth individuals and experienced entrepreneurs have joined the fund as limited partners. The final closing of the fund is expected to take place in spring.
“We are very proud to have found great partners to support our approach of providing high-performance teams and early-stage sustainable businesses with mission-critical know-how, networks and other resources. With a fund dedicated entirely to early-stage AM startups, AM Ventures continues its successful journey of significantly contributing to the rapid growth of Additive Manufacturing.”, emphasized managing partner Arno Held.
AM Ventures is well known for investments in disruptive and globally leading additive manufacturing start-ups. To date, 15 startup companies based in six countries on three continents have been funded in more than two dozen funding rounds. To name a few: DyeMansion, the first AM Ventures investment, has become a world market-leader for polymer finishing solutions turning 3D-printed raw parts into high-value products. Portfolio company 3Yourmind is considered the leading software provider to manage and optimize end-to-end production workflows enabling distributed manufacturing around the globe. LightForce Orthodontics takes the dental industry into the digital age with a platform providing orthodontists with fully customized, 3D printed tooth-moving tools. Additive drives is the latest company to join the AM Ventures “fAMily”. The team revolutionizes electromobility by developing and manufacturing 3D-printed electric motor components for more flexibility in development and huge performance increases.
With an unmatched network of experts in the industrial 3D printing community and close partnerships with some of the biggest players in machine hardware and key components such as the EOS GROUP and the SCANLAB GROUP, AM Ventures can offer startups much more than just pure financial support of a venture capital firm. The team brings valuable know-how based on many decades of successful entrepreneurship and deep tech development.