3D-Printing Company BigRep secures 7 Million Euro Series A

BigRep-Logo2BigRep, developer and manufacturer of the world’s largest serially produced 3D printer, has successfully closed a Series A financing round. The family-run Koehler Paper Group and venture capital firm b-to-v will join existing shareholders such as KFW-Bankengruppe and its ERP-Startfonds, to invest over €7 Million in BigRep GmbH.

“We are thrilled to have found further investors with Koehler and b-to-v who appreciate the capacities of our large-scale serial 3D printing solutions and share our vision: as the 21st century’s key industry, 3D printing will substantially change global supply chains and production processes. We will use this fresh capital to further our product development, expand our global market presence, and to internationalize and strengthen our distribution,“ says BigRep CEO René Gurka.

René Gurka - CEO
René Gurka – CEO

The Koehler Paper Group has been investing in new technologies increasingly via financial involvement with startups in recent years. The industrial enterprise, family-run for eight generations, also plans to participate in the growing market for 3D printing. “We have thoroughly studied the market for 3D printing and are positive that BigRep is one of the best positioned providers in the rapidly growing segment for industrial clients,” Koehler Paper Group CEO Kai Furler states.

Dr. Christian Reitberger, Lead Investor at b-to-v, was previously involved in BigRep’s seed funding as a Business Angel: “BigRep’s aim is to reduce the entry barriers for industrial 3D printing through lower operating costs, establishing a coherent software environment, and smart filament material innovations. BigRep will access new customer groups for additive manufacturing and provide industry insiders with a wider applicability in everyday use, too“.

The market for professional 3D printing has been growing rapidly: the annual growth rate is expected to increase by approx. 20 percent by 2020. Wohlers Report, the industry’s preeminent source, estimated the worldwide market for 3D printing was worth over US$5 billion in 2015.

Dr. Stephan Beyer - CFO
Dr. Stephan Beyer – CFO

 BigRep is a Berlin-based tech startup and manufacturer and developer of the world’s largest serial 3D printer. The Company was founded in 2014. With a volume of more than 1m³, BigRep ONE is the largest FFF (Fused Filament Fabrication) printer currently available on the world market, thus bridging the gap between 3D printers designed for modelling and industrial use. The BigRep ONE.2 received the German Design Award Gold 2016 by the German Design Council in October 2015. BigRep’s ever-growing team of presently 40 employees from ten nations is passionately committed to working on the next industrial revolution.