3D printer manufacturer Wematter secures € M4 to expand operations

Wematter hassecured the amount of 4 million EUR to further expand operations. The new investment was raised through a directed new share issue of 2.6 million EUR during the spring, together with a total of 1.4 million EUR, backed by existing owners, management, and the board.

The new owners include institutional and private investors such as major owners of Betsson and an AM industrialist. Stockholm Corporate Finance acted as financial advisor.

Since last year, Wematter’s sales organization has grown by four people and one sales manager, and at the time of writing, further recruitments are being carried out. The most recent employments have involved additions of people with experience from scaleup companies and backgrounds in additive manufacturing.

The new investment will help the company expand its, sales, marketing and production teams.  

“I am personally proud that we attract people who have made the same journey in another Swedish company from our industry. Among those we have met are 30 years of experience in 3D printers and additive manufacturing. It proves our attractiveness as a company and it gives us excellent conditions to take the next step in our growth forward “, says Robert Kniola, founder, and CEO of Wematter.

In six years of activity, the Swedish manufacturer has grown to about 25 employees. It has recently come out from stealth mode with launch of its flagship product, the Gravity 2021 3D-printer and other equipment designed to enhance the 3D printing process.

“For many within the Swedish industrial sector it’s been a challenge to raise venture capital during the current pandemic, but I believe that we succeed by offering a sustainable product together with long-term business relationships. We can therefore now welcome new investors who also see a company with a product and an offer that makes a difference for our customers.

The issue enables a market introduction and a production start-up, which together with broader ownership, paves the way for an upcoming listing”, states Håkan Dahllöf, Chair of the Board of Wematter.

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