Essentium Raises $22.2 Million Series A Funding
Texas-based Essentium, a leading 3D printing solutions for industrial additive manufacturing raises $22.2 million in Series A funding led by BASF Venture Capital with participation from Materialise, Genesis Park, and previous seed round investors.
BASF Venture Capital Investment Manager, Sven Thate, will join the Essentium board. The funding round will be used to scale manufacturing, engineering, international distribution, sales and marketing operations to meet market demand for the recently introduced Essentium High Speed Extrusion (HSE) Platform.
The fact that the Essentium Series A round of financing is one of the highest in the history of additive manufacturing illustrates the role the company will play in transitioning the category from hype to implementation.
The multi-...