ZMorph Lands Investment for R&D and Market Expansion

Share this Article

ZMorph multi toolhead 3d printerZMorph, the manufacturer of multifunctional, 3D personal fabricators and software, has signed on a financial investor, Warsaw Equity Group.

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.”

Piotr Wasowski

Piotr Wasowski

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.”

single-head-3.00-1280x720He 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.

ZMorph 3D.photo2

 

Share this Article


Recent News

Origin to Begin Shipping New Industrial 3D Printer, the Origin One

Longer3D Announces Two Affordable Desktop 3D Printers: Orange 30 & LK4 Pro



Categories

3D Design

3D Printed Art

3D Printed Food

3D Printed Guns


You May Also Like

Interview with Scott Sevcik, VP Aerospace Stratasys, on 3D Printing for Aviation and Space

Out of all the possible industries that are deploying more 3D printers, aerospace is probably the most exciting. By reducing the weight of aircraft components, by iterating more, by integrating...

Researchers Use Autodesk Ember 3D Printer to Characterize 3D Printed Lenses

In the recently published ‘Characterization of 3D printed lenses and diffraction gratings made by DLP additive manufacturing,’ international researchers studied digital fabrication of optical parts using DLP 3D printing. Examining...

3D Printing in Dental Prosthetics: The Effects of Parameters on Fit & Gap

In the recently published ‘Effects of Printing Parameters on the Fit of Implant-Supported 3D Printing Resin Prosthetics,” authors Gang-Seok Park, Seong-Kyun Kim, Seong-Joo Heo, Jai-Young Koak, and Deog-Gyu Seo delve...

Sponsored

Longer3D Launches the Orange 10, Affordable SLA 3D Printer

3D printer manufacturer Longer3D has launched a highly competitive resin printer, the Longer Orange 10, an affordable SLA 3D printer with performance and specs that position it competitively in its...


Shop

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


Print Services

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!