Additive Manufacturing startup receives funding to accelerate growth of transformative 3D printing technology
BERLIN– Quantica (https://www.quantica3d.com/), an additive manufacturing company specialized in the design and development of NovoJet™ advanced, multi-material 3D printing technology, announces the successful closure of a €14 million Series A round. The initial €10 million has been secured, with the remaining €4 million to be provided in a milestone-based second tranche. The investment round was spearheaded by a family office with ties to the dental industry, and saw participation from existing venture capital firms byFounders and Scale Capital, as well as senior employees and management.
The funding will be utilized to further industrialize and manufacture the first products based on its NovoJet™ technology, as well as bolster marketing efforts when bringing the products to market. Funding will also allow further investment in human capital, bringing top talent to both technical and market functions. Quantica's leadership team includes managers from leading organizations such as Xaar, HP, Stratasys, and Formlabs located in Berlin, Barcelona, and Cambridge (UK).
At its heart, Quantica's groundbreaking technology is based on an ultra-high viscosity, multi-material printhead technology called NovoJet which has already captured the interest of numerous research institutes, universities, and industrial R&D teams.
This core innovation was first announced in 2021 and quickly generated significant interest. It opens up a novel application space due to the ability to combine multiple high-performance materials into a single object for richer appearance or function.
Tommy Andersen, the Founder and Managing Partner at byFounders, expresses his enthusiasm for Quantica's transformative impact, “As one of the earliest investors in Quantica, we’ve been thrilled to be a part of their journey towards transforming the manufacturing industry with new groundbreaking technology. The 3D printing space is evolving rapidly and Quantica is on the forefront of a whole new wave of products that will vastly expand the market and use cases in many industries. This capital raise enables Quantica to accelerate both product development and commercialization and we look forward to seeing the company release its full potential.”
By the end of the year Quantica will ship its first 3D printer. The first product will be sold as an open application development platform, to allow customers to develop their own industrial-grade, multi-material fluids and applications. The company is now taking pre-orders for the system.
"Our team has been dedicated to developing this groundbreaking technology for several years now, and this funding represents a significant milestone in our journey to change how things are manufactured," said Claus Moseholm, CEO of Quantica. "We are excited to take our technology to the next level and empower designers, developers, and manufacturers to create better, faster, and more efficiently. With this investment, we are confident that we can continue to drive innovation and growth.”