Headmade Materials, the developer of the highly productive metal 3D printing process Cold Metal Fusion (‘Metal SLS’), has closed a EUR 2.5 million Series A financing round with venture capitalist AM Ventures as lead investor. Existing investor btov Partners also participated in the round with its btov Industrial Technologies Fund. At the same time, the 3D printing company was able to convince the Innovation Council of the European Union and will receive up to EUR 5.75 million in additional funding under the EIC Accelerator Program. Headmade Materials will use this for the expansion of production capacities, international sales, and new products.
3D printing of metal components is one of the growth markets of the next few years, with high volume production playing the key role. To help define this market, Headmade Materials is strengthening its position by closing a Series A financing round and receiving funding under the EIC Accelerator program.
Headmade Materials’ Cold Metal Fusion 3D printing technology enables the leap to volume production of 1,000 to over 100,000 parts by combining existing standard plastic 3D printing (SLS) processes with powder metallurgy. This also enables the economical production of larger series and greatly simplifies process integration for customers. Powder metallurgy companies such as Plansee, Element22 or MIMplus already rely on the process from Headmade Materials. Other industry leaders are currently in the process of implementation.
Headmade Materials will use the additional financial resources to provide international users with access to the technology and to greatly expand production capacities for its own feedstock material. On the product side, additional materials and alloys will be added to the technology, and optimized hardware in cooperation with partners will also be part of the scope.
“We have been watching Headmade Materials for quite some time and have been impressed by the development over the last years. The possibilities of the technology and the successful projects that the team around Christian Fischer and Christian Staudigel has implemented speak for themselves. We are very excited to be part of the Headmade journey,” says Arno Held, Managing Director of AM Ventures.
“We continue to be impressed with Headmade Materials and see the most promising approach for volume production in metal 3D printing from the combination of market, technology and team. We are glad that we could also convince the experts at AM Ventures and see this as the best possible fit for the next steps in the company’s development,” says Robert Gallenberger, btov Industrial Technologies Fund.