Spectroplast AG, a spinoff from ETH Zurich specializing in silicone additive manufacturing, has secured €1.38 million through a seed funding round led by German investor AM Ventures. The investment will enable the company to scale up its 3D printing service for silicone parts and to further reinforce its position in the bourgeoning segment of the AM industry.
Founded in September 2018, Spectroplast specializes in the additive manufacturing of pure silicones for customized healthcare products. The company’s innovative AM technology is capable of printing a range of industry standard silicones with shore hardnesses from A0 to A80.
The promising startup has drawn the interest and financial support of AM Ventures, a Munich-based independent strategic investment firm that focuses on the additive manufacturing industry. Today, the company has a broad and interesting network in the AM sector, including 3YOURMIND, DyeMansion and Lithoz. Spectroplast is the latest company to join AM Venture’s investment portfolio.
Johann Oberhofer, Chief Technology Officer at AM Ventures, said of the investment: “Spectroplast’s introduction of Silicones to the world of additive manufacturing is well-timed with a rapidly growing demand for customized Silicone products observed not only in the healthcare sector but also in many other markets.”
“The traction in the market is shown by our growing customer base,” added Manuel Schaffner, CEO and Co-Founder of Spectroplast. “It is our defined mission to become the world’s leading provider of customized Silicone products. This will impact many industries around the globe.”
Though a young company, Spectroplast has already received a number of accolades that show its potential impact on the AM market. For instance, the company received the CES Asia Innovation Award, as well as a number of other awards. As the inventor of the world’s first SLA silicone 3D printing technology, its recognition in the industry is really no surprise.
Schaffner concluded: “As an emerging industry, we are just starting to understand how powerful 3D printing of functional products will become when it is combined with the massive potential offered by industrial scale production. Having the financial support and domain expertise of AMV will help us execute our mission even more rapidly and broadly.”