Desktop laser cutter startup Mr Beam has successfully completed its financing round. The fresh capital will be used to expand production capacity and accelerate expansion within the DACH region.
Good news from Munich’s Westend: Mr. Beam is pleased to announce a seven-figure financing round. The fresh growth capital will be used to boost production capacity and expansion plans as well as innovative functional enhancements for the desktop laser cutter.
The financing is provided by Falk Strascheg Holding GmbH/EXTOREL GmbH, an experienced investor in the technology sector.
"We are pleased to have a strong partner on board with Falk Strascheg Holding / EXTOREL, who not only supports us with their valuable expertise but also shares our passion for laser technology. To further expand our leading position, we will now invest heavily in expanding our sales force. At the same time, we are hiring additional IT talent to further accelerate product development,"
is glad Teja Philipp, Founder and Managing Director of Mr Beam Lasers.
Laser cutting as natural as scissors
The company was founded in 2014 and has so far financed itself through crowdfunding. The startup plans to grow rapidly in the coming months and double its workforce by the end of 2018. A particular focus is on expanding sales and software development.
"Our Mr. Beam laser cutters are consistently designed to keep the barrier to entry into digital manufacturing as low as possible. With this philosophy, we reach target groups for whom laser cutting has never been a topic of discussion before. We are already on the way to changing this. In the long term, we want to establish the technology so that our devices will be as commonplace in households in the future as scissors are today."
Teja Philipp further explains the company’s strategy.
"Laser cutting has long been a reliable and precise manufacturing process in industry. Establishing the technology in the mass market has so far failed due to complicated software, maintenance-intensive equipment, and high prices. This is precisely where Mr Beam Lasers comes in with its devices,"
says Daniel Bohlmann, Senior Investment Manager at EXTOREL.
