Quantica, an additive manufacturing company specializing in the design and development of advanced NovoJet multi-material 3D printing technology, announces the successful closing of a €14 million Series A round. The first €10 million has already been secured, with the remaining €4 million to be provided in a milestone-based second tranche.
The investment round was led by a family office with ties to the dental industry, and included participation from existing venture capital firms byFounders and Scale Capital, as well as key employees and management.
The funds will be used for further industrialization and manufacturing of the first products based on the NovoJet technology, as well as to support marketing activities for the launch of the products. The funding will also enable further investment in human capital to attract top talent for both technical and market functions. Quantica’s leadership team is comprised of individuals from the managerial ranks of leading companies such as Xaar, HP, Stratasys and Formlabs, based in Berlin, Barcelona and Cambridge (UK).
At the heart of Quantica’s breakthrough technology is the ultra-high viscosity multi-material printhead technology called NovoJet, which has already attracted the interest of numerous research institutes, universities and industrial R&D teams.
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.”
Quantica will ship its first 3D printer by the end of the year. The first product will be sold as an open application development platform that will allow customers* to develop their own industrial-grade multi-material fluids and applications. The company is now accepting 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.”
Find out more about Quantica at quantica3d.com.