Israel’s Nano Dimension Receives Over $11M In Funding for Electronics 3D Printer & Inks

Share this Article

n1One sign that an industry is about to see explosive growth is when investors begin pouring money into startups before they even have a product ready for market. Over the last year and a half, we have seen a substantial amount of investment taking place within the 3D printing space, whether it’s through private equity funding, venture capital, or even crowdfunding. Millions upon millions of dollars are being pumped into startups in a race to see who can help fund the next multi-billion dollar company.

One such investment was announced today by a company we covered about six weeks ago, Israeli-based startup Nano Dimension. The company, which just recently announced their multi-layer 3D printed circuit board fabrication system, the Dragonfly 2020, may have just received the shot in the arm they need for the rapid roll out of their printer and subsequent business model.n4

With approximately $1.8 million in the bank, and a very comprehensive business plan, the company got just what they needed, NIS 44 million (approximately $11 million) in cash to help them realize their goals as they prepare for a Wall Street listing. The funding will take place via a private placement at NIS 5.5 per share, which is the average trading price of their stock over the last two months. As a part of the deal, investors will also receive options to purchase additional shares (50% of what they have been allocated) for a 30% premium to the current share price, for a period of two years.

“This is a significant sum, which will make it possible for the company to attain its business goals in the coming years,” explained Nano Dimension CEO Amit Dror. “After the launch of the company’s first-generation printer, we are preparing to work with select clients, and begin commercial production of the company’s unique ink.”

n4The company believes that the current investment will provide them with enough working capital for at least two years. The board of directors has decided to immediately list their shares within the US as an American Depositary Receipt (ADR), noting the importance of such a listing as the US is their primary target market for their printers and inks.

The Dragon 2020 3D PCB printer strays quite a bit from traditional PCB machines in that it can print in multiple layers (up to 10) making it the perfect tool for the prototyping of sophisticated electronics and even small batch manufacturing. The company’s proprietary conductive inks are also an impressive part of their current portfolio and are now commercially available.

Currently, Nano Dimension is trading in Israel at a market cap of NIS 158 million (just under $40 million), making this investment quite a big deal for a company who had a net loss in the first quarter of approximately NIS 3 million on absolutely no revenue. It will be quite interesting to see how quickly the company is able to ramp up production and begin realizing revenue in the months to come. Let’s hear your thoughts on this funding news and the company in general within the Nano Dimension forum thread on 3DPB.com.

n2

Share this Article


Recent News

4D Printing in Singapore: Researchers Pair Compliant Mechanisms with Chitosan Biopolymers

HP and NTU Singapore Officially Open Joint Corporate 3D Printing Lab



Categories

3D Design

3D Printed Art

3D Printed Food

3D Printed Guns


You May Also Like

3D Printing News Briefs: January 22, 2020

In today’s 3D Printing News Briefs, we’ve got a 2019 recap, a new 3D printing conference, a new 3D printer, and a 3D printed medicine story. Prusa is sharing how...

Victrex and University of Exeter Commission EOS P 810 to Commercialize PAEK Materials

Back in the summer of 2018, high-performance polymer solutions provider Victrex, based in the UK, announced that it had developed new PAEK 3D printing materials. PAEK, or polyaryletherketone, is a family...

Sponsored

3D Printing Is Ready for Manufacturing Primetime—Are We?

When the World Economic Forum reported that the value to society and industry of digital transformation across industries could exceed $100 trillion—yes, trillion—by 2025, we knew that wouldn’t happen without...

3D Printing News Briefs: December 15, 2019

In this edition of 3D Printing News Briefs, it’s business, business, and then an upcoming event. 3D Alliances signed a collaboration agreement with Xact Metal. Sigma Labs has appointed a...


Shop

View our broad assortment of in house and third party products.


Services & Data

Subscribe To Our Newsletter

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our 3DPrint.com.

You have Successfully Subscribed!