Italian 3D printer manufacturer Roboze has just announced the close of its first funding round. The three-year-old company has done exceptionally well, raising €3 million from Equiter SPA, a leading investment firm for research and innovation in southern Italy. The funding, along with Roboze’s continued sales, are setting up the company for significant growth in the near future.
In fact, Roboze has reported that it is aiming to grow its business by 500% in the next year and has announced its plans to scale its operations up to 80 employees.
Alessio Lorusso, Founder and CEO of Roboze, commented on the milestone, saying: “Thanks to our first round of funding we are now positioned to accelerate growth, through the development of new and existing 3D printing technologies and materials, while aggressively pursuing commercial expansion in EMEA and USA.”
The successful funding round is not without precedent, as Roboze has experienced steady growth (100% year over year) since its founding. The 3D printer manufacturer, which last year released its first industrial production system, the Argo 500, has a number of notable customers, including GE, Airbus, Iveco and Dallara. Globally, the company has sold its 3D printers in 24 countries and has established a broad reseller network.
Equiter SPA, which led the funding round, is the investment arm of banking group Intesa Sanpaolo, CRT and CRC Foundation. The investment firm was selected by the European Investment Bank (EIB) to manage €124 million for the purpose of funding primarily infrastructure-related projects.
“The investment of the RIF fund, managed by Equiter, in Roboze comes after careful financial and technical analysis that confirmed the company’s potential,” commented Enrico Bertoni, General Manager of Equiter SPA. “It is a market operation, which responds to the intervention logic of private equity, with the objective of accelerating the growth path already started by the Puglia-based company. This investment demonstrates the flexibility and innovation of the financial instruments made available by the European Investment Bank through Miur.”
Going forward, Roboze will continue working with its existing partners. In the academic field, it works closely with the University of Catania and CNR Catania, the Italian Institute of Technology, the Royal Melbourne Institute of Technology, the Polytechnic University of Turin, the Polytechnic University of Bari and leading medical and opto/electronics research centers in South Korea.
As the company continues to evolve, it aims to solidify its position in the market with an increased focus on industrial, end-use applications for its high-performance polymer 3D printing technologies. The significant funding from Equiter will enable enable Roboze to pursue the development of new technologies and materials in the medical and aeronautical industries, as well as continue to expand its business within EMEA and the U.S. market.