Lynxter secures €4 million in series A funding round
From existing investors, IRDI Soridec Gestion and Emeric d’Arcimoles, and new investors, GE Invest, NACO, PG-Dev, and HERRIKOA
Lynxter, a manufacturer of unique industrial 3D printers, has completed a new round of funding for the acceleration of the company’s international expansion and product offering. Lynxter closed the series A round of €4 million – with both longstanding investors (IRDI Soridec Gestion and Emeric d’Arcimoles) and new investors backing the project and its growth opportunities. GE Invest, NACO, PG-Dev, and HERRIKOA are the new trusted partners and form part of a regional strategy that focuses on deep tech and reindustrialization 4.0.
Founded in 2016 by three students from the ENIT National Engineering School, in Tarbes, France – Thomas Batigne, Julien Duhalde, and Karim Sinno – Lynxter created the first modular, industrial 3D printer, the S600D. Impressed by Lynxter’s innovative approach, Airbus became the company’s first customer, and propelled Lynxter’s name across the world of 3D printing.
Today, Lynxter’s numerous customers include other large companies such as Schneider, Sanofi, and Renault. The company has broadened its ecosystem and now commercializes an additional machine, the S300X, dedicated entirely to silicone printing. The company has also launched its own range of materials.
In 2019, Lynxter completed a €1.5 million seed round with backing from IRDI Soridec Gestion and Emeric d’Arcimoles. This first round of funding enabled the company to develop its research and development lab – the core of its activity – and to begin commercializing its first generation of 3D printers.
Throughout the Covid-19 pandemic and up to now, Lynxter has proven that its value proposition is still completely relevant and addresses strategic challenges such as reshoring and the safeguarding of production. Thanks to solid management and adaptability, Lynxter has strengthened its ecosystem, won over markets in France and neighboring countries, and has begun expanding to North America.
Lynxter has multiple objectives for this new phase, including exporting its innovations to countries further afield via existing partners, and by entering new markets; consolidating its position as a leader in 3D printing elastomers, in particular via its newest machine, the S300X; reinforcing its team with the recruitment of some ten team members, in 2023; continuing innovation, and preserving and enriching the company’s identity based on research and development.
