If you own a 3D printer, particularly an SLA printer, then you have more than likely heard of the company MadeSolid. Founded in 2013 in Oakland, California, the company was quick to jump on the rapidly expanding market for 3D printing materials. Equipped with a team of scientists, researchers, and logistics personnel, MadeSolid has been able to put forth some of the most advanced resins and filaments we have seen yet. However, they seek to continue to expand their reach and are currently looking towards crowdfunding to do so.
You’ve all likely been to Kickstarter before, a rewards-based crowdfunding platform which helps individuals and companies launch innovative new products and ideas. What many of you may not have been aware of is that unlike Kickstarter where those chipping in receive only rewards, there are equity-based crowdfunding platforms as well, like WeFunder.com. Such platforms enable the public to help partially fund a company in exchange for an actual ownership stake in that particular company.
MadeSolid chose WeFunder as their platform to raise capital, and for the next four days, if you are an accredited investor, you may purchase a stake (minimum $3,000 investment) in one of the fastest growing companies within the 3D printing material space. Currently the company has raised close to $900,000, and will have until February 2 to raise additional capital. This round of financing is being done at a valuation of $9 million with a 0% discount.
Regardless of your intentions to invest or not, the WeFunder campaign has provided a treasure trove in interesting statistics and plans that MadeSolid has been required to divulge. Most interestingly is that they plan to enter the materials space around metal, printed electronics, and dental/medical prostheses next.
“The market is growing rapidly: hobbyists get the hype, but the growth is in manufacturing,” states the company on their WeFunder campaign. “If MadeSolid continues to invent and protect IP around new materials — along with the print heads and software that control them — they have a chance to create an industry standard where every 3D printer is labeled ‘MadeSolid compatible.’ The analogy is not supplying commodity ‘ink’, but inventing new materials and processes for printing real-world objects, like electronics or a hip joint.”
What’s also interesting are the key statistics that MadeSolid has released to potential investors. In October 2014, they realized $34,000 in revenue, and since the company’s launch in October 2013, until November 2014, they’ve generated over $255,000 in revenue. Month over month revenue growth over 12 months equated to 34%, and the company generated $119,458 in Q4 of 2014 compared to $78,056 in the quarter prior. MadeSolid states that they are close to profitability with a $35,000 burn. With an average margin on their products of 80%, you would think that profitability would not be too difficult to achieve, especially if they can scale back R&D a bit. With that said, R&D is certainly important, as the company tries to rack up patents to add to their small portfolio which currently includes 1 filed patent and 3 provisional patents. Additionally they have 7 patents lined up for filing.
It certainly will be interesting to watch as Madesolid begins to put this new capital to use. Although I personally have considered taking a stake, the $9 million valuation is a tough term for me to get past. Have you purchased an equity stake in MadeSolid? What are your thoughts on their future plans? Discuss in the ‘MadeSolid’s Future’ forum thread on 3DPB.com.
You May Also Like
Swiss Researchers Inspired by Butterfly Wing Structure in 3D Printing Ultra-Lightweight Structures
Swiss researchers Marco Pelanconi and Alberto Ortona (both from Mechanical Engineering and Materials Technology Institute (MEMTI), University of Applied Sciences (SUPSI)) are testing 3D lightweight structures inspired by butterflies. With...
3D Printing for COVID-19: ID Badge/Door Opener from 3D LifePrints UK
A number of small companies are attempting to support the supply shortages being faced by hospitals in the face of the COVID-19 outbreak and provide new devices that can reduce...
Barcelona: Electrostatic Jet Deflection for Ultrafast 3D Printing
Barcelona researchers Ievgenii Liashenko, Joan Rosell-Llompart, and Andreu Cabot have come together to author the recently published, ‘Ultrafast 3D printing with submicrometer features using electrostatic jet deflection.’ Following the continued...
Ireland: Researchers Create Open-Source 3D Printer for Neurophysiology
Researchers Thomas Campbell and James F.X. Jones, both of the School of Medicine, University College Dublin, Ireland, have a created a new 3D printer for the medical field, detailing their...
View our broad assortment of in house and third party products.