"The EU's financial support, along with the additional expertise on the board, will help Dyemansion continue to lead the transformation of the 3D printing industry. Combined with the success in the fourth quarter of 2021 and the continued support of our existing investors, we are now well positioned to continue developing relevant, highly industrial technologies that help our customers produce 3D printed products of outstanding quality,"
says Felix Ewald, CEO of Dyemansion. He founded the startup together with Philipp Kramer.
Already in 2020, the European Innovation Council (EIC) Dyemansion was selected for the first "Green Deal" call under the European Union's Horizon 2020 research and innovation program. The startup's development of its Powerfuse-S technology was a key factor in this selection. With this green and industrial vapor polishing system for sealed surfaces, Dyemansion supports the EU's goal of promoting the efficient use of resources through the transition to a clean, circular economy.
Dyemansion is already considered a technology leader in post-processing, and with this new funding, the startup aims to further expand this position. To this end, it plans to bring more new products to market even faster, most recently the Powershot Performance Series in 2021. According to the company, it sold over 100 machines in the fourth quarter of 2021. Dyemansion's total funding now stands at $43 million.
“The best is yet to come”
The startup's development also pleases existing investors, including AM Ventures, Btov Industrial Technologies Fund, UVC Partners, KGAL, Nordic Alpha Partners and OMS-Invest. Arno Held, Managing Partner of AM Ventures, says:
"I met Felix and Philipp before founding Dyemansion in 2015 and am more than happy to have been able to support them ever since. I continue to be very impressed by what this strong team has achieved so far. Dyemansion's technology has been a key factor in advancing the additive manufacturing market and enabling high-volume applications. Last quarter's excellent results and a strong pipeline for 2022 demonstrate Dyemansion's great potential. And the best is yet to come."
Nicklas Bergman, member of the EIC Fund's Investment Committee, added:
"We are proud to announce the EIC Fund's support for Dyemansion. With this investment, we are supporting the post-processing company's growth in the additive manufacturing space and helping the company implement more sustainable global supply chains."
Fabrizio Morgera, Senior Investment Officer at EIB:
"We are pleased to support the R&D activities of this innovative startup. We believe in the 3D printing market, and post-processing is likely to be one of the winners post-COVID in terms of global supply chains and sustainability."
Dyemansion expands Advisory Board
Dyemansion also announced the appointment of two new members, Felix Reinshagen and Peter Nietzer, to its Advisory Board. Peter Nietzer already holds various active management roles in private and publicly traded companies, including Chairman of the Supervisory Board of Voxeljet AG. He also supports companies as an investor and supervisory board member. Felix Reinshagen is the founder and CEO of Navvis, a high-tech startup specializing in reality capture and digital twins for the construction and manufacturing sectors. His experience in building a fast-growing high-tech company in the B2B environment will benefit Dyemansion in the future.
