Headmade Materials, the creator of the highly productive metal 3D printing process ColdMetalFusion (Metal SLS technology) has secured a funding of €2.5 million from AM Ventures, an additive manufacturing specialist. As an existing shareholder, the btov Industrial Technologies Fund also participated in the funding round.
Furthermore, the 3D printing company was able to persuade the European Union’s Innovation Council and will receive funding of up to EUR 5.8 million through the EIC Accelerator Program.
The funds will be used to expand production capacity, product portfolio, and international sales at Headmade Materials.
Metal 3D printing will be one of the fastest growing markets in the coming years, with high volume manufacturing playing a key role. Headmade Materials is strengthening its position in this market by closing a Series A financing round and receiving funding from the EU’s EIC Accelerator program.
ColdMetalFusion (Metal SLS Technology)
Headmade Materials’ ColdMetalFusion or Metal SLS technology enables the leap into series production of 1,000 to over 100,000 parts by combining existing standard plastic 3D printing (SLS) processes with Powder Metallurgy processes (debinding & sintering). This allows for the cost-effective production of larger series while also greatly simplifying process integration for customers. Powder metallurgical companies such as Plansee, Element22, and MIMplus already use the Headmade Materials process extensively. Other industry leaders are currently putting their plans into action.
“We have been observing Headmade Materials for quite some time and are impressed by the company’s development in the last few years. The great scope of applications the technology enables and the successful projects that the team of Christian Fischer and Christian Staudigel have carried out speak for themselves. We are very excited to now have become part of the Headmade journey and to take the next steps together.”– Arno Held, Managing Director of AM Ventures
The additional funds will be used by Headmade Materials to provide international users with access to the Metal SLS technology and to greatly expand production capacities for its own feedstock material. Additional materials and alloys will be released, and optimized hardware will be made available in collaboration with partners.
“With decades of experience in industrial 3D printing, AM Ventures is the perfect fit for us. In addition, the collaboration with our existing investor btov Industrial Technologies Fund has already worked excellent within the additive manufacturing market. With the support gained, we will accelerate the transformation of metal 3D printing into volume production and, together with our customers, bring numerous applications to market “– Christian Staudigel, CEO and Co-Founder of Headmade Materials
Robert Gallenberger, Partner at btov Industrial Technologies Fund said, “We still see the most promising approach for mass production in metal 3D printing from the combination of market, technology and team. We are glad that we could also win the experts at AM Ventures for it and are convinced that this is the best possible fit for the upcoming steps.”
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