WEG will invest $1 million, and acquire a minority stake, to support the further expansion of ZMorph and help fund a plan to ramp up production to more than 1000 units annually.
The funds will also be used to develop ZMorph 3.0, a new version of the multi-functional and multi-material, all-in-one 3D printer.
“We finished negotiating and signed an investment agreement last week,” says Piotr Wasowski, the co-founder of ZMorph. “The funds raised will let us significantly step up production capacity, which will translate into faster expansion in international markets.”
The agreement will take the form of a new share issue and convertible note, and in exchange for their capital contribution and a loan, Warsaw Equity Group will acquire a minority stake in the company.
ZMorph launched a showroom in Haarlem, Holland in 2014 and now operates a representative office in California as well.
“The cash injection will help us to faster mark our presence in key markets because we will be able to significantly increase the production,” said Wasowski of this latest deal. “At this time, the volume of orders considerably exceeds our production capacity, but we are expecting to produce and sell a total of 1000 ZMorph personal fabricators by the end of 2015.”
ZMorph’s printers will be offered on Amazon.com, and six new distributors in the US and in Europe are expected to join their sales network by the end of June.
Wasowski says his company’s European distribution is also poised for an expansion, and during the autumn of this year, ZMorph will begin expanding into Asian markets. The total number of ZMorph’s active resellers has now climbed to 22 worldwide.
The company says a share of the funds from the WEG deal will be used for research and development activities.
“We plan to develop a new printer version, ZMorph 3.0, by the end of this year. The new ZMorph will be even more versatile, multi-functional and multi-material. ZMorph remains the only printer that has the capability to change printing toolheads, so a single 3D personal fabricator can do the job of 11 different machines,” Wasowski says. “We also plan to further develop our software – Voxelizer 3D.”
He adds that the multi-toolhead functionality of the company’s printers means users can not only print with several types of plastic filament, but they can also print in chocolate, cake, rubber and nylon.
The ZMorph’s Personal Fabricator also functions as a CNC milling, laser cutting and engraving machine and as a 3D scanner.
What do you think about this latest investment in the multi-function 3D manufacturing device company ZMorph? Let us know in the ZMorph Expansion forum thread on 3DPB.com.
Subscribe to Our Email Newsletter
Stay up-to-date on all the latest news from the 3D printing industry and recieve information and offers from thrid party vendors.
You May Also Like
EOS President of North America Discusses the Future of Metal Laser 3D Printing
EOS has been the long-established leader in laser sintering, representing the largest installed base in the market. However, as companies new and old attempt to push the segment, particularly in...
How Intelligent Automation and Networking of 3D Printing and Post-processing Increase Productivity
The market for Additive Manufacturing (AM) processes continues to grow and will even fivefold by 2030, according to SmarTech Analysis. More and more companies are taking a step towards the...
3D Printing Webinar and Event Roundup: May 1st, 2022
We’ve got another busy week of webinars and events ahead! 3D Systems has multiple offerings, while Stratasys continues its Experience Tour, Formlabs hosts The Digital Factory in Boston, and Nexa3D...
BASF Venture Replique Establishes 3D Printing Materials Network
Replique, part of the BASF venture builder, is establishing a 3D printing materials network to advance the production of 3D printed parts. This partner network of authorized material vendors is...