Axtra3D secures USD 4.5 million in Series A round for expansion in 3D printing

Charlotte-based Axtra3D Inc. has successfully closed a Series A financing round of USD 4.5 million, raising a total of USD 9.75 million. The lead investor in this round is HZG Group, a major player in the additive manufacturing industry.

This investment underscores Axtra3D’s growth potential based on its patented Hybrid Photosynthesis (HPS) technology and flexible, customer-centric business model. The additional funds will be used to further expand the global market presence, broaden the product portfolio and strengthen customer support. With a second office already established in Vicenza, Italy, Axtra3D plans to intensify its international activities and enter new markets.

Frank Carsten Herzog, CEO of HZG Group, states, “Axtra3D has been one of our most successful investments in Additive Manufacturing. At a time when the AM industry is undergoing significant shifts, Axtra3D has excelled in expanding its installation base and application suite. Its solutions are strategically designed to address current market demands, and the leadership team – comprised of seasoned AM executives – has shown exceptional agility in navigating the company through these difficult times. We are especially impressed by Axtra3D’s consistent innovation and responsiveness to market needs. With this new capital, we believe the company is well positioned to expand beyond NA and EU and accelerate technological advancements to emerge as not just as a competitive player but also as a potential leader in AM.”

In 2023, Axtra3D launched its Lumia product line based on HPS and TruLayer technology. HPS combines the advantages of resin-based stereolithography (SLA) and digital light processing (DLP) in a single, highly efficient printing process. This technology enables high resolution and surface quality at significantly higher printing speeds than traditional SLA processes. TruLayer complements this with improved layer homogeneity and minimizes typical printing defects, resulting in more robust and durable components.

Gianni Zitelli, Founder and CEO of Axtra3D, stated, “We are incredibly grateful for HZG Group’s continued trust and support of our vision and business. Our aim is to build Axtra3D into a self-sustaining, financially responsible company; and HZG’s support through this new funding underscores our leadership team’s commitment to that vision – achieving growth even amid difficult times in the additive manufacturing industry.

This funding is also a validation of our strategic focus on customer partnerships and support. A significant portion of the investment will go towards strengthening Axtra Academy, our dedicated customer support infrastructure. Our approach is distinguished by flexible business models that offer adaptable solutions to meet the diverse needs of our customers, from service bureaus to large-scale manufacturers. These models are enhanced by our extensive ecosystem of partnerships with leading global material providers, ensuring our customers have access to a broad selection of certified, high-performance solutions for various applications.”

Axtra3D plans to further strengthen its global presence through partnerships with resellers and distributors and invites interested companies to start discussions. Further information is available on Axtra3D’s website or at the Formnext Show, stand C39 in hall 11.1.