Replique, the provider of a secure digital platform for on-demand industrial 3D printed parts, has become a standalone company. The company that turned stealth mode off two years ago, spins off from Chemovator, the business incubator of BASF that has been supporting their development and go-to-market strategy. The announcement accompanies a late seed round for an undisclosed amount, led by STS Ventures, a digital technology investor.
STS Ventures led the funding round as experienced early-stage investor. However, with their managing partner Stephan Schubert – former founder and managing director of Onvista until its spin-off in 2007 – STS Ventures also brings valuable entrepreneurial mindset and experience to the table and will be a great support for Replique’s path to a strong profitable business, a press release reads.
“We see a lot of startups with promising ideas, but Replique stood out to us as a game-changer in the manufacturing industry. Their innovative industrial 3D printing platform has the potential to disrupt the industry and we are excited to support their growth and expansion in the future. Besides the right solution, Replique also brings the right mindset and an excellent team to the table”, says Oliver Kaul, partner at STS Ventures.
As a reminder, Replique’s encrypted 3D printing platform enables spare part management and the production of small series. The platform can integrate into existing business landscapes such as ERP systems and webshops. This enables B2B businesses such as Alstom to leverage 3D printing in a smooth seamless supply chain process and B2C businesses like Miele and Siena Garden to offer 3D-printed parts to their customers.
Replique is already the fifth startup to spin-off from Chemovator. Despite becoming an independent company, Replique maintains a close relationship with BASF as a customer as well as its subsidiary BASF 3D Printing Solutions, one of Replique’s trusted material partners, and the whole BASF network. Markus Bold, Managing Director of Chemovator concludes: “We look forward to working together to continue Replique’s path to success.”
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