3D Printer Manufacturer Nexa3D has closed financing rounds exceeding $55 million in funding led by OurCrowd and Saudi Aramco Energy Ventures, existing investors & multi-billion-dollar alternative asset manager as well as new investors.
The announcement follows the expansion of its partnership with BASF Forward AM to provide the market with three new photopolymers that can support a variety of applications. New photopolymers that include x45-NATURAL, a tough material that can meet high strength and durability requirements; x45-CLEAR whichcombines good clarity with toughness for prototypes, as well as x45-BLACK, a durable material that features an attractive matte black finish for parts such as automotive components that are usually molded in black plastic.
With this funding, Nexa3D will propel its manufacturing operations by focusing on meeting customer demand, scaling commercial activities across the world, enlarge its resellers’ network and deliver new products for the market. We might therefore expect from the manufacturer the development of new polymer 3D printers, alongside a new portfolio of performance polymers, and the development and deployment of its proprietary software platform.
“This financing puts us in a strong leadership position to accelerate the transition of additively manufactured polymers from prototyping to production at scale,” commented Avi Reichental, Nexa3D’s co-founder and CEO. “We are grateful for the enormous validation we are receiving from our customers and investors during a very challenging operating period and are deeply appreciative of our incredible team who continue to work passionately on advancing our customers’ productivity, supply chain resiliency and sustainability. Despite the unprecedented and challenging operating environment, we achieved strong growth, introduced two ultrafast photoplastic 3D printers, brought a new generation of functional materials to market, added Quantum Laser Sintering capabilities to our portfolio and attracted a top-tier leadership team. We are now prepared to accelerate the development of our full line of polymer AM printers and expand our reach globally.”
Last but not least, the funding proves the importance of all actions the company has been carrying out throughout the Covid-19 pandemic to accelerate its developments. Actions that include the launches of an upgraded version of the ultrafast photoplastic NXE400 3D printer as well as a dental lab 3D printer, the NXD200, an open materials model supported by partners like Henkel, BASF, Covestro and Keystone, a materials portfolio that now comprises up to 16 photopolymers. The xCure post-processing equipment and consumables, a full range of supply chain-approved, powder fusion plastics to Nexa3D’s product line as well as the commercialization of NexaX 2.0 Software Platform are other product developments that mark the company’s journey during the pandemic.
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