Last year, Quantica unveiled the NovoJet™ C-7 – an industrial 3D printer with multi-material, ultra-high viscosity jetting capabilities. The Berlin-based startup showcased this flagship product at Formnext to assess the interest of potential users and attract potential investors.
Today, the team announces they have secured €14 million in Series A round. The investment round was spearheaded by a family office with ties to the dental industry, and saw participation from existing venture capital firms byFounders and Scale Capital, as well as key employees and management.
They will first receive the amount of €10 million and will receive the remaining amount of funding once they would have reached a certain milestone.
So, how will they use this funding?
As any startup, Quantica is looking to accelerate the go-to-market strategy of its technology (NovoJet™). This includes the industrialization and manufacture of first products with the technology, bolstering marketing efforts when bringing the products to market and bringing top talent to both technical and market functions. So far, the company’s leadership team includes managers from organizations such as Xaar, HP, Stratasys, and Formlabs located in Berlin, Barcelona, and Cambridge (UK).
As a reminder, Quantica’s 3D printer is based on an ultra-high viscosity, multi-material printhead technology called NovoJet. Ideal for research institutes, universities, and industrial R&D teams, the solution can enable a novel application space due to the ability to combine multiple high-performance materials into a single object for richer appearance or function.
By the end of the year Quantica will ship its first 3D printer. The first product will be sold as an open application development platform, to allow customers to develop their own industrial-grade, multi-material fluids and applications. The company is now taking pre-orders for the system, the company says in a press release.
“Our team has been dedicated to developing this groundbreaking technology for several years now, and this funding represents a significant milestone in our journey to change how things are manufactured,” said Claus Moseholm, CEO of Quantica. “We are excited to take our technology to the next level and empower designers, developers, and manufacturers to create better, faster, and more efficiently. With this investment, we are confident that we can continue to drive innovation and growth.”
Read more: Go Big or Go Home: What does raising money from VC firms mean for Additive Manufacturing Companies?
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