Germany-based polymer AM post-processing specialist DyeMansion has raised $14 million in a Series B funding round led by Nordic Alpha Partners and existing investors UVC Partners, btov Partners, KGAL and AM Ventures. The investment brings the company’s total funding to $24 million.
The $14 million will enable DyeMansion to accelerate its transition to fully digital manufacturing. Specifically, the company plans to increase automation, digital connectivity and integration across its products and process chains. The investment will also enable DyeMansion to strengthen its global presence through the creation of new demonstration facilities, regional application consultants and commercial business infrastructures. Ultimately, the company’s goal is to provide its polymer 3D printing finishing solution to as many customers around the globe as possible and contribute to the broader adoption of additive manufacturing for serial production.
“We are super happy to have Nordic Alpha Partners on board for our growth journey,” commented Felix Ewald, CEO and Co-Founder of DyeMansion. “They are a perfect fit for the current phase we are in with DyeMansion. Their unique approach and expertise will help us to further strengthen our position as a global industrial leader. It makes us proud that all our existing investors are continuing with their support as well. This will help us and our customers worldwide to drive the transformation of manufacturing to digital production and the factory of the future.”
DyeMansion, like many other 3D printing companies, has seen how the world has changed in the face of the global coronavirus pandemic and has seen how unreliable traditional supply chains can be in an emergency. In this specific situation, digital manufacturing rose to the challenge, helping to meet the demand for critical products, like face shields and nasal swabs. DyeMansion believes this widespread revelation of 3D printing’s potential is part of the reason it had such a successful funding round.
Rasmus Lund, Investment Partner at NAP, said: “Great companies can always get funding and furthermore we believe that Covid-19 will be an accelerator of the 3D print adoption, so we are thrilled that the management team and the other investors both embraced NAP’s value creation model and allowed us to join DyeMansion’s mission.”
DyeMansion, which recently participated in our AM Focus 2020 eBook on Automation, has brought to market a sophisticated finishing solution for polymer 3D printed parts. The three-step Print-to-Product workflow gives users the tools to transform unfinished plastic parts into high-value, color-branded (or just colored) parts. Today, DyeMansion’s technology is used by over 600 customers around the world, including BMW, Daimler, Under Armour and Jabil. Notably, the company also recently launched the world’s largest post-processing platform for industrial 3D printing, which comprises 46 production and sales partners around the globe.
“We at AM Ventures are very proud to have been part of the DyeMansion success story from the very beginning,” added Arno Held, Chief Venture Officer of AM Ventures. “Six years ago, we jointly realized the great potential of post-processing 3D printed parts. It became clear that a smooth integration and scalability of finishing and coloring is what our industry needs in order to make additive manufacturing a mass manufacturing technology. Since then, this unique team has not only created its own segment within the AM industry. DyeMansion has unlocked the gate to colorful and aesthetic 3D printed applications in numerous verticals with manufacturing volumes beyond imagination.”