Swedish 3D-printer manufacturer Wematter has carried out a directed new issue together with investments from its existing owners to scale up, focusing on an expanded organisation in sales, marketing, and production.
The new investment was raised through a directed new share issue of 2.6 million EUR during the spring, together with a total of 1.4 million EUR, which comes from existing owners, management, and the board. Among the new owners are institutional and private investors, including major owners of Betsson and an AM industrialist. Stockholm Corporate Finance acted as financial advisor.
Since last year, Wematter’s sales organization has grown by four people and one sales manager, and at the time of writing, further recruitments are being carried out. The most recent employments have involved additions of people with experience from scaleup companies and backgrounds in additive manufacturing.
“I am personally proud that we attract people who have made the same journey in another Swedish company from our industry. Among those we have met are 30 years of experience in 3D printers and additive manufacturing. It proves our attractiveness as a company and it gives us excellent conditions to take the next step in our growth forward “, says Robert Kniola, founder, and CEO of Wematter.
Wematter was founded in 2014 and has since grown to about 25 employees who have been residing in premises near Linköping Central Station for the past two years. The company’s flagship product is the Gravity 2021 SLS 3D-printer, which together with accompanying equipment and software are rented out as a system solution for additive manufacturing. The customers are found mainly in the manufacturing industry and among technology consultants, but also in the healthcare industry and companies that are active in medical technology.
Dares to invest in something that lasts
“For many within the Swedish industrial sector it’s been a challenge to raise venture capital during the current pandemic, but I believe that we succeed by offering a sustainable product together with long-term business relationships. We can therefore now welcome new investors who also see a company with a product and an offer that makes a difference for our customers.
The issue enables a market introduction and a production start-up, which together with broader ownership, paves the way for an upcoming listing”, develops Håkan Dahllöf, Chair of the Board of Wematter.
“We will now primarily use the new funds to employ staff in sales and continue running research projects for new materials and other product development. We are also looking at efficiently scaling up our production process with external suppliers in order to be able to plan for the long term”, concludes Robert Kniola.