DyeMansion receives €15 million in EU funding from EIC Fund and EIB »

The European Innovation Council (EIC), with € 4 million, and the European Funding Financial institution (EIB) with € 11 million each invested in German AM post-processing startup DyeMansion. With these two EU fundings, DyeMansion secured long-term firm improvement, working to allow an period of digital manufacturing the place 3D printed merchandise change into a part of on a regular basis life. The corporate additionally appointed two new board members – Felix Reinshagen and Peter Nietzer. The 2 skilled entrepreneurs, buyers within the B2B industrial tech sector, will assist DyeMansion within the subsequent section of progress.

“The monetary assist of the EU, in addition to the extra experience on the board, will assist DyeMansion proceed to guide the transformation of the […] business on the forefront. Mixed with the momentum within the fourth quarter of 2021 and the continued assist of our present buyers, we are actually well-positioned to proceed to energetically develop related, extremely industrial applied sciences that assist our clients produce 3D-printed merchandise with superior high quality”, mentioned Felix Ewald, CEO & Co-Founding father of DyeMansion, proper after a record-breaking This autumn in 2021, when the corporate offered over 100 machines.

The European Innovation Council (EIC) Fund is Europe’s flagship innovation program to establish, develop and scale up breakthrough and game-changing applied sciences. Because of the profitable market launch of DyeMansion’s VaporFuse expertise and its {hardware} Powerfuse S the EIC Fund is including a recent € 4 million funding.

In 2020 the EIC has chosen DyeMansion with their Powerfuse S to be a part of the primary “Inexperienced Deal” name inside the European Union’s Horizon 2020 analysis and innovation program. With the profitable rollout of the inexperienced & industrial vapor sprucing system for sealed surfaces, DyeMansion helps the purpose of the EU to advertise the environment friendly use of assets by transferring to a clear, round financial system. Now the EIC Fund helps this unification of financial sustainability and digital manufacturing once more.

Nicklas Bergman, EIC Fund Funding Committee member, commented: “We’re proud to announce the EIC Fund assist to DyeMansion. By means of this funding, the EIC Fund is backing the additive manufacturing post-processing firm progress and serving to this firm to implement a extra sustainable provide chain.”

The extra € 11 million funding of the EIB, the European Funding Financial institution, is backed by the European Assure Fund (EGF) Enterprise Debt. The EGF-VD permits the Financial institution to supply progress capital to European small and medium-sized firms (SMEs) impacted by the COVID-19-crisis. EGF Enterprise Debt relies on a 100% danger protection from the 22 taking part EU-member states.

Fabrizio Morgera, Senior Funding Officer on the EIB, mentioned in regards to the deal: “We’re completely happy to assist F&E actions at this modern start-up firm. We imagine within the 3D printing market, and post-processing needs to be one of many winners following the Covid disaster, regarding world provide chains and sustainability.”

With the EIC and EIB funding, the corporate’s whole financing reaches $ 43 million. Recognizing sustainability as one in every of DyeMansion’s core values that drives every innovation of the fast-growing firm, the EIB particularly helps Analysis & Growth bills.

This additional EU financing lays the long-term foundations for DyeMansion to stay the expertise chief for post-processing. DyeMansion is now in a position to deliver much more and even quicker new merchandise to the market, such because the Powershot Efficiency Sequence in 2021. With their improvements, DyeMansion blends proper into the manufacturing facility of the longer term with state-of-the-art automation expertise to arrange business 4.0 prepared manufacturing traces of tomorrow.

DyeMansion additionally publicizes that Felix Reinshagen and Peter Nietzer grew to become the 2 new members of the advisory board. As an skilled entrepreneur, board member and investor, Peter Nietzer will actively accompany the event of DyeMansion as Chairman of the Board. Along with numerous energetic roles within the administration of personal and public firms, he at the moment helps corporations as an investor and board member. Peter Nietzer brings business expertise not least from his position as Chairman of the Supervisory Board of Voxeljet, which he has accompanied since 2013.

Felix Reinshagen is the founder and CEO of NavVis, a high-tech startup within the discipline of actuality seize and digital twins in development and manufacturing. His expertise in constructing a fast-growing high-tech firm within the B2B business atmosphere won’t solely be obtainable as a board member but in addition as a sparring companion for DyeMansion’s founders and administration.

The corporate’s present buyers, AM Ventures, btov Industrial Applied sciences Fund, UVC Companions, KGAL, Nordic Alpha Companions and the OMS-Make investments GmbH are additionally completely happy about this information and stay bullish on DyeMansion’s journey.

“I obtained to know Felix and Philipp already earlier than the incorporation of DyeMansion in 2015 and I’m very happy that I had the possibility to assist them ever since. I proceed to be very impressed with what this robust staff has achieved thus far. Their expertise has been a key driver in creating the Additive Manufacturing market additional and in enabling high-volume functions. Their excellent outcomes final quarter and a robust pipeline for 2022 present the nice potential of DyeMansion. And the perfect is but to come back”, commented Arno Held, Managing Companion of AM Ventures.