The Danish growth fund Nordic Alpha Partners joins forces with DyeMansion’s existing investors UVC Partners, btov Partners, KGAL, and AM Ventures in a Series B funding round. Together they support the world market leader for industrial postprocessing tech on its mission to transform the way we manufacture products.
The COVID-19 pandemic showed in almost any industry that traditional supply chains are under pressure and many even failed. Digital manufacturing got into the spotlight as a solution for that. This is one reason why the Munich based tech company DyeMansion secured $14M funding even in times like these from new and existing investors, who support their mission. The new funds raise the company’s total funding to $24M.
The new funds will be used to speed up the shift to digital manufacturing in all matters. On the product side, this means automated, digitally connected and fully integrated process chains. On the organizational side, the funding will further strengthen DyeMansion’s global presence and fulfillment capabilities via new demo facilities, regional application consultants and commercial business infrastructures. The aim: Enabling global accounts, local customers and partners to get started with 3D-printing or move to the next level of serial manufacturing with their application and factories almost anywhere.
To make 3D printed products a part of our everyday life, there are still some challenges to overcome. The industrial and automated post-processing of 3Dprinted parts is one of the key drivers on this journey. With its unique three-step Print-to-Product workflow, DyeMansion helps users of industrial 3D-printing to turn their raw plastic parts into high-value products. From perfect fit eyewear to personalized car interiors or tailor-made orthotics. Its high-end post-processing equipment is used by over 600 customers worldwide including companies like BMW, Daimler, Under Armour, or Jabil.
With 46 production and sales partners worldwide, DyeMansion has recently launched the world’s largest post-processing platform for industrial 3D-printing and is leading post-processing in terms of finishing quality, automation and industrialization. “We are super happy to have Nordic Alpha Partners on board for our growth journey. They are a perfect fit for the current phase we are in with DyeMansion. Their unique approach and expertise will help us to further strengthen our position as a global industrial leader. It makes us proud that all our existing investors are continuing with their support as well. This will help us and our customers worldwide to drive the transformation of manufacturing to digital production and the factory of the future.”, tells Felix, CEO & co-founder of DyeMansion.
“At Nordic Alpha Partners (NAP) we strive to invest in the technology leaders spearheading the industrial transformation, but it is rare that we come across a company like DyeMansion that is not only clear category leader, but with a position that is truly accelerating the transformation.”, states Laurits Bach Sørensen, Value- Creation Partner at NAP and he is followed by Rasmus Lund, Investment Partner at NAP “Great companies can always get funding and furthermore we believe that Covid-19 will be an accelerator of the 3D-print adoption, so we are thrilled that the management team and the other investors both embraced NAP’s value creation model and allowed us to join DyeMansion’s mission.”
Chief Venture Officer of AM Ventures, Arno Held, states: “We at AM Ventures are very proud to have been part of the DyeMansion success story from the very beginning. 6 years ago, we jointly realized the great potential of post-processing 3D-printed parts. It became clear that a smooth integration and scalability of finishing and coloring is what our industry needs in order to make Additive Manufacturing a mass manufacturing technology. Since then, this unique team has not only created its own segment within the AM industry. DyeMansion has unlocked the gate to colorful and aesthetic 3D printed applications in numerous verticals with manufacturing volumes beyond imagination.”
