Headmade Materials secures EUR 8.25 million in new funding
From AM Ventures and the European Innovation Council
Headmade Materials, the inventor of the highly productive metal 3D printing process ColdMetalFusion (Metal SLS), just closed a €2.5 million 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 an existing shareholder. Additionally, the 3D printing company attracted the interest of the Innovation Council of the European Union and will receive funding of up to €5.8 million under the EIC Accelerator Program. Headmade Materials will use the funds for the extensive expansion of production capacities, the product portfolio and international sales.
“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.
3D printing of metal parts is one of the growth markets of the next few years, with high volume manufacturing playing a 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 to further development of its ColdMetalFusion (Metal SLS) technology.
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.
“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 ” said Christian Staudigel, CEO and Co-Founder of Headmade Materials.
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 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” said Robert Gallenberger, Partner at btov Industrial Technologies Fund.