3D Printer HardwareMetal Additive Manufacturing

Industrifonden invests $1.5 million in Freemelt’s open source EBM technology

The company was also an early investor in Arcam

Industrifonden, a venture capital investor based in Stockholm, led an investment round for 15 million SEK (Swedish Krona), about $1.5 million, to finance metal 3D printing company Freemelt. The money intended to fuel the next phase of the company’s growth, driving the metal 3D printing revolution forward with the development of the Freemelt One system. Freemelt is a Swedish company that is developing the first open-source EBM 3D printer, following the original patents on EBM expiring in 2016.

The Freemelt One, is an electron beam melting 3D printer, intended for Additive Manufacturing materials R&D and requires only a small amount of powder to operate, making it affordable and fast for users to test different metal powders. Since it is an open-source system, it allows users to adapt and evolve the code, and share it within the community, to accelerate the development of tomorrow’s materials.

Freemelt One
The Freemelt One open source EBM system

Leveraging a Life Science and Technology portfolio that stretches across the Nordics. Industrifonden is an independent foundation. Which means the founders we work with receive the undivided attention and the benefit of a partner that not only believes in their vision but is willing to go the distance. As an evergreen fund, Industrifonden reinvests 100% of profits into new companies.

Over the last 40 years, the fund has tripled in size, investing in a number of cutting edge projects. In fact, Industrifonden has been building and scaling companies like Arcam, the original (and to date the only) EBM system manufacturer (acquired by GE in 2016 for nearly $400 million), as well as Qlik, Cellavision and Oatly, to become global companies positively impacting society.

While some companies have been able to build a profitable global business catering only to universities and corporate research & development demands, it is likely that – after building a strong basis – Freemelt will also eventually use its experience with EBM to produce commercial systems, heading into the world of metal AM production.

 

Tags

Davide Sher

Since 2002, Davide has built up extensive experience as both a technology journalist and communications consultant. Born in Milan, Italy, he spent 12 years in the United States, where he received his undergraduate degree. Specializing in covering the AM industry, he founded London-based 3D Printing Business Media Ltd. (now 3dpbm) which operates in marketing, editorial and market analysys&consultancy services for the additive manufacturing industry. 3dpbm publishes 3D Printing Business Directory, the largest global directory of companies related to 3DP, as well as several editorial websites, including 3D Printing Media Network and Replicatore. Since 2016 he is also a Senior Analyst for leading US-based firm SmarTech Analysis focusing on the additive manufacturing industry and relative vertical markets.

Related Articles

Leave a Reply

Your email address will not be published.

We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy.

Privacy Settings saved!
Privacy Settings

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Control your personal Cookie Services here.

These cookies are necessary for the website to function and cannot be switched off in our systems.

In order to use this website we use the following technically required cookies
  • PHPSESSID
  • wordpress_test_cookie
  • wordpress_logged_in_
  • wordpress_sec

Decline all Services
Accept all Services
Close
Close

STAY AHEAD

OF THE CURVE

Join industry leaders and receive the latest insights on what really matters in AM!

This information will never be shared with 3rd parties

I’ve read and accept the privacy policy.*

WELCOME ON BOARD!