Sculpteo, one of the biggest names in 3D printing services, is about to widen their pool of financial resources with a sweet infusion of cash to the tune of €5 million — enough to put the already successful 3D printing provider into an increasingly solid global, industrial position.
Both XAnge, a major venture capital player, and Creadev, a Mulliez family holding company, have contributed to this business windfall for Sculpteo, which will use the capital to further services for their dedicated following of 3D printing enthusiast customers and:
- Define itself as an online 3D printing factory
- Strengthen the Sculpteo industrial base
- Boost growth
- Globalize its offering
“We welcome XAnge’s increased investment and Creadev’s new commitment. Both are key players who have been able to build leading companies in the retail and logistics sectors,” said Eric Carreel, Chairman of Sculpteo.
With 50 employees between their two current headquarters, they will be doubling that number next year as they will require more talented hires to continue their expanded services in offering all aspects of their cloud 3D printing platform which caters to 3D printing enthusiasts on all levels who are interested in joining the Sculpteo community.
The Sculpteo community of users is able to have access to a variety of designers who can help with 3D printing projects regarding designs from interior decoration all the way to robotics and prototypes. Rates are competitive and the services provided are comprehensive.
Users can upload and download designs, share their work, choose from a variety of materials, and have everything 3D printed and shipped from Sculpteo. They offer nearly 50 materials and finishes as options and provide their community with a wide range of tools for optimizing their 3D designs and 3D prints.
While their cloud platform and worldwide community is what Sculpteo is most well-known for, they also have partnerships with numerous well-known companies like Skoda, Hexadrone, Dassault Systèmes, Knuckies, Withings, and others that use their 3D printing services to produce small series of products.
Already firmly entrenched as a global player in online 3D printing services, Sculpteo receives half of their business revenue outside of France, with a quarter of that coming from the US.
“3D printing fulfills the growing need to manufacture quickly and accurately objects which digital technologies allowed us to imagine on screen. This technology will no doubt become part of day-to-day industrial manufacturing,” said Clément Moreau, CEO of Sculpteo.
This investment by Creadev will be a new endeavor with Sculpteo, while XAnge will be funding more to Sculpteo, obviously pleased with Sculpteo’s track record and success since their initital investment.
Creadev, with offices in both Paris and Shanghai, is a private French equity company founded in 2002. They are controlled by the Mulliez family, who founded famed grocery chain Auchan. They are known for funding innovators and entrepreneurs with high growth potential, currently managing €500 million. They focus on investments in the areas of healthcare, environment, education, and digital technology.
“We are pleased to announce the commitment of Creadev to an exceptional team of entrepreneurs who early-on became passionate about providing this major technology to as many people as possible,” said Florent Thomann, Director at Creadev.
XAnge, a subsidiary of Banque Postale, is a venture capital firm with headquarters in both France and Germany. The company focuses on investing in innovative startups, also working as a development capital company investing in SMEs. They currently manage €350 million in investments.
“Since the beginning of our involvement in 2012, Sculpteo has demonstrated the relevance of 3D printing and succeeded in making this technology available to the public at large. Following the emergence period, 3D printing has become an essential part of industry. As specialists in digital innovation, it was natural for our teams to support the company through this new development stage.” said Cyril Bertrand, a member of the Executive Board of XAnge.