German company DyeMansion is known for its coloring and post-processing equipment, such as its three-step Print-to-Product workflow geared toward industrial 3D printing environments. Now, in order to continue transforming and improving upon the way we make products, the Munich-based company, which recently launched a global post-processing partner network, announced that it has secured $14 million in a Series B funding round, increasing the total amount raised to $24 million.
What makes this news all the more impressive is that the company was able to raise the funds during the COVID-19 pandemic. But, one thing we’ve learned during this crisis is that the manufacturing supply chain is having a hard time keeping up, no matter the industry, which is why the spotlight has been shining so brightly on digital manufacturing companies these past few months.
AM Ventures, btov Partners, KGAL, and UVC Partners, DyeMansion’s existing investors, contributed to the Series B funding round, along with new investor Nordic Alpha Partners (NAP), a Danish growth fund.
Laurits Bach Sørensen, Value-Creation Partner at Nordic Alpha Partners, stated in a press release, “At Nordic Alpha Partners (NAP) we strive to invest in the technology leaders spearheading the industrial transformation, but it is rare that we come across a company like DyeMansion that is not only clear category leader, but with a position that is truly accelerating the transformation.”
One of the main drivers of 3D printing adoption is the automated, industrial post-processing of the resulting parts and products, and DyeMansion says that its Print-to-Product workflow can deliver. The three automated systems that make up this workflow—the Powershot C for blasting, the Powershot S for surface finishing, and the DM60 coloring system—help users turn raw plastic parts, like knife handles, eyewear, automotive spare parts, and leg prostheses, into what it calls “high-value products.”
“We at AM Ventures are very proud to have been part of the DyeMansion success story from the very beginning. 6 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,” said Arno Held, the Chief Venture Office of AM Ventures. “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.”
The latest funds from DyeMansion’s Series B round will be used to accelerate its move to digital manufacturing, by improving its automated process chains, opening new demonstration facilities, strengthening its business infrastructure and global presence, and allow local customers and partners to take their business to “the next level of serial manufacturing.”
“We are super happy to have Nordic Alpha Partners on board for our growth journey. 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,” said DyeMansion’s CEO and Co-Founder Felix Ewald. “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.”
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