Home Press Releases & Guest Posts Sculpteo Announces a € 5 Million Fundraising by Creadev and XAnge

Sculpteo Announces a € 5 Million Fundraising by Creadev and XAnge

Sculpteo announces a € 5 million fund raising provided by XAnge, a major venture capital player, and Creadev, a Mulliez family holding company. The money will allow the company who defines itself as an on-line factory, to strengthen its industrial base, boost growth and globalize its offering.

Founded in 2009, the start-up based in Paris and San Francisco has quickly become the international reference in on line 3D printing. It has developed the best tools to make this production method easy and accessible to both professionals and individuals. Sculpteo is a platform operating on-line, mutualized 3D printing factories.

Founded by the team which started Inventel, a French company sold to Thomson in 2007, Sculpteo is positioned as a true alternative to traditional manufacturing with a 3D printing service capable of producing single units, small series and eventually larger series, using a range of materials. Sculpteo is also easily integrated in e-commerce and large audience websites wishing to offer 3D printing. Online 3D printing allows users to generate and convert digital files into real objects manufactured using 3D printing and delivered in record time.

The operation allows Creadev to newly invest in Sculpteo while XAnge significantly increases its initial investment. In total, five million Euros of new funds is provided. Management will keep a majority stake in the business and will drive future growth. This fundraising allows Sculpteo to strengthen its industrial set-up and enhance its global footprint. The company employs 50 people in Paris and San Francisco and plans to double its number of employees in 2016.

Cutting edge software tools and intuitive interfaces
Sculpteo’s R&D teams have developed a range of software tools (3D batch control, Hollowing and FinalProof) which facilitate user experience in the most intuitive way possible while optimizing cost. On-line manufacturing has to be as smooth as possible. Sculpteo’s mobile App was awarded the Best of Innovation award at the Consumer Electronics Show in Las Vegas in 2013.

3D printing is an industrial revolution in the making
Sculpteo’s 3D printing cloud engine has struck several partnerships with leading operators such as Amazon, eBay, Auchan, Intermarché, La Poste, Orange,who market 3D manufactured objects using its solutions.

Factory in the cloud
Sculpteo, a cloud-based computing company, combines an on-line interface with a number of latest generation 3D printers. Sculpteo offers high quality printing using a broad range of materials. Although Sculpteo’s solutions are used in prototyping, an increasing number of companies, such as Skoda, Hexadrone, Dassault Systemes, Knuckies, Withings among others, utilize 3D printing to produce small series. Audioquest has even moved to 3D large scale industrial manufacturing for its Audio Nighthawk listening device, which received the Best of Innovation Award at the 2015 CES in Las Vegas. Sculpteo provides access to on-line 3D manufacturing in a quick and flexible way, at competitive rates.

Sculpteo is a world player
On-line manufacturing relocates manufacturing closer to the end-user, and Sculpteo has emerged as the championof the new industrial revolution. The start-up has clients throughout the world. It generates in excess of 50% of revenues outside of France including 25% in the US.

Clement Moreau, CEO of Sculpteo said, “3D printing fulfills the growing need to manufacture quickly and accurately objects which digital technologies allowed us to imagine on screen. This technology will no doubt become part of day-to-day industrial manufacturing”.

Eric Carreel, Chairman of Sculpteo said, “We welcome XAnge’s increased investment and Creadev’s new commitment. Both are key players who have been able to build leading companies in the retail and logistics sectors”.

“We are pleased to announce the commitment of Creadev to an exceptional team of entrepreneurs who early-on became passionate about providing this major technology to as many people as possible”, said Florent Thomann, Director at Creadev.

“Since the beginning of our involvement in 2012, Sculpteo has demonstrated the relevance of 3D printing and succeeded in making this technology available to the public at large. Following the emergence period, 3D printing has become an essential part of industry. As specialists in digital innovation, it was natural for our teams to support the company through this new development stage.” said Cyril Bertrand, a member of the Executive Board of XAnge.

Investors:
Creadev: Florent Thomann, Director, Clément Lamolinerie, Manager
XAnge Private Equity: Cyril Bertrand, Partner

Advisors to the Investors:
Finance: Sylvain Quagliaroli and Sophie Dervain, Grant Thornton
Legal: Fabien Mauvais, Lamartine Conseil

Advisors to the Company:
Finance: Philippe Patricot and David Serrero, Bryan Garnier
Legal: Thomas Saltiel and Philippe Balaÿ

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