Mosaic Manufacturing Ltd., a manufacturer of multi-material 3D printing technology, has announced the completion of a $28 (CAD) million financing round led by Idealist Capital. This funding will be used to increase the use of the company’s automated 3D printing platforms on the factory floor.
This milestone comes at a time when manufacturers are under enormous pressure to evolve: consumers want cheaper, more sustainably made products, and global supply chains are struggling to keep up in the face of unprecedented economic and geopolitical challenges.
Mosaic Raises $28 Million Funding
Mosaic, founded in 2014, has evolved its groundbreaking multi-material 3D printing technology into a comprehensive ecosystem of additive manufacturing solutions, enabling leading global companies to reimagine and modernise their polymer supply chains.
Mosaic’s flagship product, Array, integrates patented hardware, automation, and software into a powerful industrial 3D printing platform that delivers the flexibility, cost efficiency, and throughput required for real-world manufacturing applications.
Mosaic’s team has shipped over 15,000 hardware products into the market, and they’ve used customer feedback and their strong IP portfolio around automated additive processes to create the next generation of additive manufacturing tools that can produce parts at scale at an unprecedented price point.
“We’re proud to partner with our customers in building more resilient, sustainable supply chains powered by Mosaic’s Array. This funding enables us to expand our impact as we deepen our presence in factories across the globe”
Mitch Debora, CEO, Mosaic Manufacturing
Automated 3D Printing Platforms
Sample 3D printed in Array automated additive manufacturing platform/Source: Mosaic Manufacturing
Mosaic is powering factory floor production for industry leaders in logistics, consumer apparel, defence, education, and contract manufacturing, with more exciting partnerships to be announced in the coming months.
Idealist Capital led the financing, with Freycinet Ventures joining in later.
“Mosaic’s focus on throughput, quality and cost-efficiency is unlocking novel applications for additive manufacturing while significantly reducing the often-overlooked waste produced by conventional manufacturing processes. Idealist Capital is proud to partner with Mosaic’s team who is driving sustainable manufacturing and supply chain resiliency.”
François Boudreault, Partner at Idealist Capital
Concerns about national security, geopolitical risks, and global supply chain disruptions have prompted increased investment in domestic manufacturing capabilities. Scaling legacy manufacturing infrastructure alone will not address the current systems’ vulnerabilities and environmental impact.
Mosaic is developing tools for a more sustainable solution: one that uses automation, a software-driven digital workflow, and additive manufacturing technology to localise part production. This approach enables the production of high-quality goods where they are required, resulting in competitive part economics while reducing reliance on traditional, resource-intensive, and environmentally damaging manufacturing methods.
“The ability to develop and produce custom plastic parts at scale, on our factory floor, is great for our business and new client acquisition.”
James McColl, Senior Program Manager Microart Services Inc.
With this funding, Mosaic will be able to strengthen its leadership position in this frontier space while also expanding partnerships with customers looking to build future-ready, sustainable supply chains. Mosaic’s previous rounds of funding have included Techstars, Real Ventures, and SOAN, as well as support from DDQIC, NGen, IRAP, MaRS, OCE, Venture Lab, CTA, and Canada Makes. Over the next few years, Mosaic will enable manufacturers to produce goods closer to where they are needed by deploying Array systems in factories around the world.
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