The funding will grow the company’s AI-powered platform, helping companies build resilient supply chains.
Berlin, Germany – April 4, 2023 – With manufacturers seeking an easier way to source industrial-quality parts, MakerVerse raised €9.4 million ($10 million USD) in Series A funding to meet that need. MakerVerse will scale its AI-powered on-demand manufacturing platform for even faster growth.
9.5 Ventures lead the funding round. All the original seed round investors – including Siemens Energy and ZEISS – subscribed to the new round.
“The last year has really proven that companies want a simpler way to innovate,” said Dr. Markus Seibold, CEO of MakerVerse. “Our platform makes it easy to access advanced manufacturing technologies. With the additional funding, we will expand our technologies and help companies with even larger projects to drive further innovation.”
MakerVerse offers a one-stop shop platform combined with a fully-vetted global supply chain for various advanced manufacturing technologies, such as CNC machining and 3D printing. This enables companies to build resilient supply chains and easily source parts for prototyping, serial production, and other uses.
“We’re thrilled to have closed this funding round, especially in light of the uncertainty in global economic conditions and in the venture capital world,” said Tim Schark, CFO of MakerVerse. “This funding round highlights the benefits and uniqueness of our set-up, which combines the strategic advantages of corporate investors with the speed and expertise in innovative business models of VCs.”
MakerVerse launched in early 2022 with an initial focus on the German market. Since then, the company has attracted diverse customers throughout Europe and internationally, including multinationals, mid-size companies, and start-ups. Traction has been particularly strong with industrial manufacturers, the space industry, and companies prioritizing sustainability.
In one year, MakerVerse onboarded nearly 50 vetted suppliers. The company’s headcount grew to 30+ employees from 15+ different nationalities.
With this funding, MakerVerse will expand its “one-stop shop” concept for advanced manufacturing with more technologies and materials. MakerVerse will also provide advanced support to integrate the platform into customers’ existing systems. The company plans to build capacity for even more large-scale production orders.
“We identified that many customers require additional assistance for their advanced manufacturing projects,” said Ward Ripmeester, COO of MakerVerse. “With this funding, we’ll be able to expand our end-to-end production order support, which involves creating complete manufacturing plans, providing expert guidance, and executing the entire project.”