Axtra3D has closed a 4.5 million USD Sequence A2 funding spherical with present investor HZG Group main the spherical.
The corporate will use the funds to drive the growth of its buyer help infrastructures, strengthen its international footprint, and speed up the expansion of its product portfolio.
Axtra3D unveiled its flagship Lumia product line in 2023, having first offered its patented Hybrid PhotoSynthesis expertise at Formnext in 2021. It has since secured the likes of Toyota and Protolabs as prospects, certified a sequence of third-party resins, and partnered with a number of resellers.
This newest funding will now assist the corporate to construct on this success, increasing past the North American and European markets and driving additional technological developments.
“We’re extremely grateful for HZG Group’s continued belief and help of our imaginative and prescient and enterprise,” stated Axtra3D founder and CEO Gianni Zitelli. “Our goal is to construct Axtra3D right into a self-sustaining, financially accountable firm; and HZG’s help by means of this new funding underscores our management crew’s dedication to that imaginative and prescient – reaching development even amid tough instances within the additive manufacturing trade.”
“Axtra3D has been one among our most profitable investments in additive manufacturing,” added HZG Group CEO Frank Carsten Herzog. “At a time when the AM trade is present process important shifts, Axtra3D has excelled in increasing its set up base and software suite. Its options are strategically designed to deal with present market calls for, and the management crew – comprised of seasoned AM executives – has proven distinctive agility in navigating the corporate by means of these tough instances. We’re particularly impressed by Axtra3D’s constant innovation and responsiveness to market wants. With this new capital, we consider the corporate is nicely positioned to increase past NA and EU and speed up technological developments to emerge as not simply as a aggressive participant but in addition as a possible chief in AM.”
Axtra3D has now raised a complete of round 10 million USD since coming to market in 2022.
