Headmade Materials, the inventor of the highly productive metal 3D printing process ColdMetalFusion (‘Metal SLS’), has closed a €2.5m Series A financing round with additive manufacturing specialist AM Ventures as lead investor. The btov Industrial Technologies Fund also participated in the funding round as existing shareholder. Additionally, the 3D printing company was able to convince the Innovation Council of the European Union and will receive a funding of up to EUR 5.8m under the EIC Accelerator Program. Headmade Materials will use the funds for the extensive expansion of production capacities, the product portfolio and international sales.
Starnberg, Germany – Feb. 8, 2022 – 3D printing of metal parts is one of the growth markets of the next few years, with high volume manufacturing playing the key role. To co-define this market, Headmade Materials is strengthening its position by closing a Series A financing round and by receiving funding under the EU’s EIC Accelerator program.
The ColdMetalFusion 3D printing technology from Headmade Materials enables the leap into series production of 1,000 to over 100,000 parts by combining existing standard processes of plastic 3D printing (SLS) with Powder Metallurgy processes (debinding & sintering). This enables the economical production of larger series and greatly simplifies process integration for customers. Powder Metallurgical companies such as Plansee, Element22 or MIMplus already extensively use the process from Headmade Materials. Other industry leaders are currently in the process of implementation.
Headmade Materials will use the additional funds to provide international users access to the technology and to greatly expand production capacities for its own feedstock material. On the product side, further materials and alloys will be released and optimized hardware will be made available in cooperation with partners.
“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,” says Arno Held, Managing Director of AM Ventures.
“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 ” says Christian Staudigel, CEO and Co-Founder of Headmade Materials.
“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” says Robert Gallenberger, Partner at btov Industrial Technologies Fund.
About Headmade Materials
Headmade Materials GmbH develops materials and processes for metal 3D printing of series parts. The core of the technology is the self-developed sinter-based 3D printing process ColdMetalFusion (‘Metal SLS’), which enables customers to produce metal parts cost-effectively and in serial production. By customizing the material, the process runs on available equipment from multiple manufacturers and greatly simplifies process integration and part certification. Headmade Materials offers customers in-house use of the ColdMetalFusion process, as well as 3D printing services.
About AM Ventures
AM Ventures is a leading venture capitalist in industrial 3D printing (additive manufacturing), with a portfolio of more than a dozen successful startups in six countries on three continents. The team has unique technological expertise and is well connected with leading industry experts. AM Ventures provides startups with best-in-class connections to industry veterans with decades of experience in development, manufacturing and business management, in addition to a world-leading ecosystem of sustainable investments in additive manufacturing. Since 2021, AM Ventures operates as a venture capital fund.
For further information see www.amventures.com
About btov Industrial Technologies Fund
btov Industrial Technologies is a European VC fund that supports hardware and software companies with innovations for the entire industrial value chain. The focus is on increasing value creation, resource efficiency and digitalization.
The experienced team with a lot of technology and sector expertise deals with robotics, Industry 4.0, IoT, cyber security, electronics & photonics, additive manufacturing, energy storage and quantum technology, among others.
With a fund size of EUR 100m, it typically participates in Seed and Series A investment rounds across Europe with initial investments between EUR 1 – 3m. By participating in follow-on rounds, up to EUR 10m per portfolio company can be deployed.
For further information see https://btov.vc/industrial-tech-fund/
Source: Headmade Materials