3D printing company Wayland Additive has raised £4.2 million to drive its global expansion in metal 3D printing.
The funding round saw participation from existing investors Longwall Ventures, Parkwalk Advisors and ACF Investors, as well as new investor Metrea Discovery.
“Wayland continues to move from strength to strength and is a leading light of Yorkshire’s business community. Through its machines, Wayland is pioneering the next generation of additive manufacturing, opening up new applications and unlocking new materials. We are delighted to be continuing to support this ingenious team on the next stage of their growth journey. Their leadership in the market is well earned,” says Tim Mills, Managing Partner at ACF Investors.
Wayland produces and sells the Calibur3 metal printing machines, which are used in particular in industries such as aerospace, mining and medical technology. Customers include the Royal Air Force in the UK and Exergy Solutions in Canada, as well as other customers in North America and Europe.
Since the last funding round, Wayland has officially launched its presses and is already seeing significant demand worldwide.
“Since our last funding round, we have formally launched our machines into the market and are already seeing considerable traction, with demand from across the globe. By providing bespoke additive manufacturing to our customers, we can play a pivotal role in streamlining their operations and give them the tools to unlock their potential, with high value components at the touch of a button. It’s great to have our existing investors continuing to support us as we grow, as well as new strategic investor Metrea. We are excited by the prospect of bringing our machines to businesses who need them around the world and this investment will supercharge that mission,” says Will Richardson, CEO Wayland Additive.
Wayland Additive Limited’s successful funding round is a clear sign of confidence in its business model and technology in the 3D printing sector. The planned expansion and associated innovations will enable Wayland to strengthen its presence in the global market and further expand its leading role in the additive manufacturing industry.