Headmade Materials, developer of the metal 3D printing process Cold Metal Fusion (Metal SLS), announced that it has managed to raise EUR 1.9 million in funding round through a single investor – the Industrial Technologies Fund of btov Partners.
Headmade Materials revealed that the funds will be used for scaling up its Cold Metal Fusion technology as well as for marketing and customer development.
The origins of Headmade Materials can be traced back to 2015 when the founders and managing directors Christian Fischer and Christian Staudigel were working at the SKZ research institute. Both of them, passionate about removing existing hurdles in 3D printing, started working on what is no called as the Cold Metal Fusion technology.
They registered the company in 2019 as a spin-off from the Würzburg-based polymer research institute SKZ.
The sinter-based Cold Metal Fusion technology was developed for serial production of metal parts, using an existing ecosystem of machines and processes in 3D printing and powder metallurgy. The innovative process enables 3D printing for series production using low-cost 3D printers already existing in the market.
Metal 3D printing is a fast-growing market, but it is still limited by high part costs and low output. Headmade Materials is aiming for 3D printing of series with up to 100,000 parts per year, thus reaching a new market segment.
Speaking about the recent funding, Christian Staudigel, Managing Director of Headmade Materials, said, “We have been working on the technology for five years and the partnership with btov now gives us the opportunity to accelerate the company’s development and realize our vision of 3D series production.”
Investor Robert Gallenberger, partner of the btov Industrial Technologies Fund says, “We see the Cold Metal Fusion technology as a very viable approach for serial production due to the high cost efficiency of the process. The combination of mechanical part properties known from metal powder injection molding (MIM) process and considerable process advantages, such as reduced safety requirements due to easier powder handling and higher green part stability, is also significant here.”
The financing round was supported by the BayStartUP investor network. The financing round was prepared by the BayStartUP investor network.
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