BigRep, 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.
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.