Create it REAL, a Danish 3D printing research and development hub, is now able to accelerate its market expansion thanks to securing a €3.1 million round of financing. Investo Capital, the primary investor in this round, joined the company’s existing investors, like Vaekstfonden’s department of direct investments, VF Venture. Create it REAL, founded in 2009 by Jeremie Pierre Gay, created the first worldwide real-time processor dedicated to 3D printing. Since this product was launched in 2013, the company has developed a full 3D printing system.
Create it REAL currently serves two different international markets. It provides dedicated control systems, electronics, 3D print processes and slicing technology to customers. This horizontal base builds on its original real-time processor. The company also serves vertical industries by advising them to take full advantage of mass customization, digitalization of production workflows, high-speed printing and protecting intellectual property rights of printed objects via secure printing. These vertical workflows move businesses ahead by disrupting their traditional workflows.
Support for such disruption from VF Venture, the venture capital arm of Denmark’s state investment fund, lets Create it REAL respond to the European Union’s interest in additive manufacturing. Investo Capital, a private investment firm, searches for companies that can scale their operations up to meet an international client base. The private firm aims to exit its investments in a five-year time frame. The fresh support fosters greater market expansion through Investo’s desire for such a move.
Create it REAL CEO, Jeremie Pierre Gay said that: “We see a significant increase in companies from different industries, who approach us, because they have realized that they can disrupt their business with 3D Printing, creating new applications. But they just do not know how to apply the technology – and how to integrate it into their existing business model. This is where we can help; applying 3D printing and pushing the limits of the technology is what we do, and this creates significant value for those companies who then can go on to disrupt their market. We have the expertise and all the technology bricks to provide a complete offering for both 3D Printer manufacturers and specific vertical industries. With this investment, we are going to expand our global presence and create key partnerships to boost the 3D printing adoption”.
Jesper Jespersen, Partner at Investo Capital said that: ”We already knew that 3D printing has great potential, but Create it REAL is now proving that this technology can be applied into a wide range of vertical markets, digitalizing the production process and creating new lucrative business models – for example within the healthcare sector. With this additional funding, the company can accelerate market penetration.”
Ole Kring, Investment Director at Vækstfonden Venture added that: “This is a great day for the 3D Printing Industry. Apart from offering complete solutions to vertical markets, Create it REAL has a full offering for 3D Printer manufacturers worldwide; and now we have the strengths and resources to go and serve this market too.”