The 3D printing company trinckle 3D GmbH (“trinckle”), based in Hennigsdorf near Berlin, has completed a financing round. In this process, it gained KfW Bankengruppe (“KfW”) and redpartners gmbh (“redpartners”) as new investors. A business angel also came on board as a new investor in addition to the existing shareholder BFB Frühphasenfonds Brandenburg GmbH (“BFB”). The latter has made use of its conversion rights from a subordinated loan and will therefore continue to hold a 15% stake in trinckle.
trinckle, which was founded in January 2013, gives its customers quick and easy access to the 3D printing market. Its “3D Printing Enterprise Solutions” offer a range of “Software as a Service” (SaaS) solutions that provide support for modern 3D printing companies during the entire process: from the creation of individualised 3D models to manufacturing.
After the first financing round at the beginning of 2014, another € 700,000 of fresh capital is now flowing into the company. This amount will be used to expand the SaaS area and to market the trinckle Product Customizer. “Our flagship product, known as the 3D Product Customizer, makes good on one of the biggest promises of 3D printing: personalised products for everyone,” said Florian Reichle, the co-founder and managing director of the company. “Thanks to the customizer, customers can individually configure or design static products without any special expertise. With our 3D printing technology, customers can also manufacture individualised products costefficiently.” “trinkle’s services are already marketable and thus give customers access to the market in a quick and easy manner,” added Dr Jan Alberti, the responsible investment manager at bmp Beteiligungsmanagement AG. “As the manager of BFB Frühphasenfonds, bmp already identified trinckle’s potential last year. We are all the more pleased that the company has developed outstandingly in the last 18 months and that it has acquired other renowned investors. We are convinced that trinckle will gain a substantial share of the 3D printing market.”
About KfW Bankengruppe/The ERP start-up fund at a glance:
KfW Bankengruppe finances and supports business start-ups, small and medium-sized enterprises (SMEs) and investments in growth and employment in Germany. With the ERP start-up fund, which it manages and co-finances, it takes stakes especially in innovative and technology-oriented companies with particular opportunities for growth. Research and product development as well as the launch of new products, processes or services are also financed. Investments are made together with a lead investor on market terms. Thanks to the ERP start-up fund, around € 720 million in total have been made available for investments in new technology companies since 2004.
About redpartners gmbh:
redpartners gmbh is a young and dynamic investment and consulting company comprising a team of accomplished international managers with decades of practical experience in general management, sales, marketing, human resources, general administration and corporate legal matters. The company invests in young companies and assists them with their first steps into the market by helping to build scalable company and sales structures as well as develop a communications strategy. redpartners gmbh holds investments in various newly founded companies internationally with a focus on high-tech, digital business models and innovative products.
About BFB Frühphasenfonds Brandenburg GmbH:
BFB Frühphasenfonds Brandenburg GmbH (Frühphasenfonds Brandenburg) invests in young, innovative companies in the State of Brandenburg with the aim of strengthening the equity base of these companies in the early phase. The fund, which has a volume of EUR 25 million, was designed and set up by InvestitionsBank des Landes Brandenburg (ILB) on behalf of the Ministry for Economics and European Affairs of the State of Brandenburg. 75% of the fund’s resources are provided by the European Regional Development Fund (ERDF), 20% by budget funds of the State of Brandenburg and 5% by bmp Beteiligungsmanagement AG. bmp (www.bmp.com) has been commissioned to manage the fund. In addition to trinckle, the fund’s current portfolio comprises 22 other Brandenburg companies. (www.fruehphasenfonds-brandenburg.de)
With a background in and experience of more than 150 investments in almost all technology segments, and more than 50 exits in the form of IPOs and trade sales, bmp Beteiligungsmanagement AG is one of the most experienced venture capital investors in Germany. In addition bmp also manages IBG Fund of Saxony-Anhalt.