Caracol, a 3D printing startup that provides advanced robotic additive manufacturing services to companies in different industrial sectors, closed a pre-seed round for €300 thousand, with five new investors. Thanks to the investors’ competence and know-how in strategic areas and with the financial resources collected with this operation, Caracol has launched a new plan that aims to expand its commercial network and complete the industrialization process of its proprietary robotic technology.
“The capital we raised constitutes the first fundamental step for Caracol’s growth,” said Francesco De Stefano, Caracol’s Co-founder and CEO. “The entrance of new strategic partners and the resources they provided will allow us to further accelerate our ability to accomplish our vision of revolutionizing the world of digital manufacturing with a more efficient and sustainable solution.”
This is the first step in the new strategic plan launched by the company, which will lead to a new fundraising round in the second half of 2021, in order to expand the company’s production capacity and replicate the current manufacturing center in Lomazzo in other strategic locations.
Caracol was born out of the idea of its four co-founders and today its team counts 15 people, the company’s production capacity includes 25 industrial 3D printers and four operative robotic systems for the manufacturing of large-scale components. Over the past two years, Caracol experienced tremendous growth – in 2019 it tripled revenues compared to 2018, and in the first half of 2020, in spite of the adverse market conditions caused by the COVID-19 pandemic, it had already exceeded revenues from the full year of 2019. The company has already surpassed break-even and aims at scaling its business model.