Catalan startup BCN3D, an expert in 3D printing technology, has received a €2.7 million seed funding round. Its aim is to increase production and reduce the delivery times that limited the company.
In a more generalised study of sales of companies we present the most recent operations in the 3D printer sector.
Seed round for BCN3D
BCN3D Technologies, based in Castelldefels (Barcelona), is a company that specialises in in 3D printing technologywhich was born in the heart of the CIM Foundation of the Polytechnic University of Catalonia (UPC). Its 3D printers are used for the prototypingthe validation of functional parts and the realisation of manufacturing tools.
It has recently reached a record 5,000 3D printers sold thanks to its distribution network of more than 60 locations worldwide. Some of the company's most prestigious customers include brands such as BMW, Samsung, Louis Vuitton, Nissan and HTC.
BCN3D has closed on 27th March 2019 a 2.7 million seed financing roundled by JME Venture Capital, Victoria Venture Capital and Accurafy4. This round represents a historic milestone in Spain, making the startup the desktop 3D printer company that has received the largest investment in the country.
Thanks to this round BCN3D Technologies can increase its production to meet market demand and reduce long delivery times that they have experienced in the past due to production constraints.
You can find out more about this operation at this press release published by the Catalan company itself.
Selling companies internationally
The following is an analysis of some of the operations of sales of companies that have been caused in recent times related to 3D printers.
1. Vader Systems
Vader Systems has launched the world's first liquid metal 3D printer. It will open the door to new possibilities in metal fabrication by providing a lower cost of operation technology that doubles the speed of conventional 3D printers.
The company's exit took place on 8 February 2019 and its buyer was to Xeroxa manufacturer of printing systems, copiers and fax machines. The amount of the transaction has not been published.
2. BQ
BQ is a Spanish company dedicated to the sale of multimedia devices and 3D printers. Since its creation, they have continued to grow both inside and outside Spain thanks to their focus on two basic principles: offering state-of-the-art devices at competitive prices and guaranteeing total commitment to their users with the provision of integrated support services.
On 12 December 2018 the company acquired the 51% from BQ to produce its own line of smartphones. The financial amounts were not published.
3. Dutch Filaments
Founded in 2013, Dutch Filaments is a 3D printing filament manufacturerwith a focus on the development of new materials based on FFF or FDM technology.
The Dutchwoman was sold to Mitsubishi Chemical Performance Polymers (MCPP) on 2 March 2018, its only purchase so far. The amount of the transaction was not made public.
MCPP specialises in polymer design and compounding with production facilities around the world.
4. 3D Matter
3D Matter provides engineering solutions to make functional parts to 3D printing users. They conduct research on 3D printed materials, measuring their mechanical performance, visual quality and processability. With all the information gathered, they have developed OptiMatter, a model that predicts the properties of printed parts.
On 21 February 2018, 3D Matter was sold to SD3Da manufacturer of automated 3D printing solutions for the commercial and industrial markets. It was its second transaction following the acquisition of Printelize.com.
5. Printr
Founded in 2013 and headquartered in Amsterdam, Printr offers 3D printing solutions for customers, designers and printers. Its platform can be used as a marketplace, a rental service, a delivery service and a remote control panel.
Beamlerwhich provides users and manufacturers with Plug and Play cloud software for 3D printing, acquired Printr on 18 February 2018. This has been its only purchase so far, for which the amounts involved are unknown.