Above: DyeMansion CTO & Co-founder – Philipp Kramer (left) and CEO & Co-founder – Felix Ewald (right)/Image Credit: DyeMansion
DyeMansion, the Munich-based tech company, recently secured a $14M funding to drive the transformation of manufacturing through its post-processing solutions. The new funding raised from new and existing takes their overall funding till date to $24M.
The funding round is a testimony to the fact that the unfortunate crisis of COVID-19 pandemic has brought the 3D printing technology into the spotlight. As the traditional supply chains are hampered, digital manufacturing is the new solution to fulfill global demands.
TRANSFORMATION OF MANUFACTURING THROUGH POST-PROCESSING SOLUTIONS
Above: DyeMansion’s partner platform which includes 46 strong alliances/Image Credit: DyeMansion
DyeMansion has been taking huge strides ever since its launch in 2015. It has rapidly grown its product offering and has secured strategic partnerships with multiple companies. With 46 production and sales partners worldwide, DyeMansion recently launched the world’s largest post-processing solutions platform for industrial 3D printing and is leading post-processing solutions in terms of finishing quality, automation and industrialization.
To make 3D printed products a part of our everyday life, there are still some challenges to overcome. The industrial and automated post-processing solutions of 3D printed 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 solutions are used by over 600 customers worldwide including companies like BMW, Daimler, Under Armour, or Jabil.
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Expressing his excitement about the funding, Felix Ewald, CEO & co-founder of DyeMansion said, “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 through our post-processing solutions.”
The 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.
Chief investor Laurits Bach Sørensen, Value-Creation Partner at NAP said, “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.”
According to 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 solutions for 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.”
Danish growth fund Nordic Alpha Partners join forces with the company’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 post-processing solutions on its mission to transform the way we manufacture products.
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