3D Spark closes €1.2M funding round
Led by Fraunhofer Technology Transfer Fund (FTTF) and Discovery CFO UG
3D Spark, an additive manufacturing B2B and procurement SaaS startup, has closed its second funding round, totaling €1.2M, led by Fraunhofer Technology Transfer Fund (FTTF) and Discovery CFO UG. Innovationsstarter Fonds Hamburg (IFH) and FTTF led the startup’s first round. The round was oversubscribed and the full funding target was achieved – highlighting the value of the 3D Spark SaaS Platform to the manufacturing and procurement landscape.
3D Spark is working towards a world where component manufacturing is streamlined, cost-effective, and sustainable, with minimal waste in terms of material, manual work, and CO2 emissions. To achieve this, 3D Spark’s technology integrates AI to empower businesses to automate and identify the most suitable manufacturing processes, automate quoting, and Request for Quotation (RFQ) preparation. As a result, smarter manufacturing decisions lead to cost savings, and significant reductions in lead time and CO2 emissions. 90% of the quoting time is reportedly automated by the software.
Industrial leaders such as Alstom, Deutsche Bahn, ZF Friedrichshafen, and Germany’s ‘Miniatur Wunderland’, are already among the company’s list of license customers.
“Impressed by their outstanding technical know-how, as well as understanding for the 3D market, the founding team of 3D Spark convinced us since we first met them. Their software already enables multiple customers to quickly decide which 3D manufacturing process is the fastest and most efficient for each task – hence, delivering significant and measurable customer value. With a successful completion of their funding round, the team is now in an excellent position to refine their software even further and offer it to a wide range of new customers,” said Lucas Funk, from IFH, and Jörg Wamser, from FTTF.
“This is an excellent opportunity to support an innovative company and team. I am convinced that this will be a successful venture with a vision to reinvent the world of manufacturing methods and processes,” said Jörg Fanger, Managing Director at Discovery CFO UG.
“The funds enable us to accelerate development of our innovative platform and to deliver on our claim ‘the best manufacturing technology for every part’, whilst ensuring long-term planning security for our industrial partners and customers”, said Ruben Meuth, co-CEO and co-founder of 3D Spark.
“This round of financing gives us the opportunity to fully focus on achieving our vision and thus making a more economical and ecological manufacturing of tomorrow possible. A large part of the funding will therefore be invested in customer-requirements-driven product development,” said Dr. Ing. Fritz Lange, co-CEO and co-founder at 3D Spark.