Swedish 3D printer manufacturer Wematter carried out a directed new issue of shares together with investments from its existing owners to scale up the organization’s sales, marketing and production.
The new investment was raised through a directed new share issue of 2.6 million EUR during the spring, together with a total of 1.4 million EUR, which comes from existing owners, management, and the company’s board. Among the new owners are institutional and private investors, including major owners of Betsson and an AM industrialist. Stockholm Corporate Finance acted as Wematter’s financial advisor.
Since last year, Wematter’s sales organization has grown by four people and one sales manager. At the time of writing, further recruitments are being carried out. The most recent employments have involved additions of people with experience from scaleup companies and backgrounds in additive manufacturing.
“I am personally proud that we attract people who have made the same journey in another Swedish company from our industry. Among those we have are people with 30 years of experience in 3D printers and additive manufacturing. It proves our attractiveness as a company and it gives us excellent conditions to take the next step in our growth forward “, said Robert Kniola, founder, and CEO of Wematter.
Wematter was founded in 2014 and has since grown to about 25 employees who have been residing in premises near Linköping Central Station for the past two years. The company’s flagship product is the Gravity 2021 SLS 3D printer, which, together with accompanying equipment and software are rented out as a system solution for additive manufacturing. The customers are found mainly in the manufacturing industry and among technology consultants, but also in the healthcare industry and companies that are active in medical technology.