Headmade Materials GmbH, Wuerzburg, Germany, has closed a €2.5 million Series A financing round with Additive Manufacturing specialist AM Ventures as the lead investor. The btov Industrial Technologies Fund also participated in the funding round as an existing shareholder. This follows Headmade’s recent announcement of €5.85 million in funding from the Innovation Council of the European Union (EIC) under the EIC Accelerator Program. The company has received a total of €8.25 million in funding for this year so far.
“With decades of experience in industrial 3D printing, AM Ventures is the perfect fit for us,” stated Christian Staudigel, CEO and co-founder of Headmade Materials. “In addition, the collaboration with our existing investor btov Industrial Technologies Fund has already worked excellent within the Additive Manufacturing market. With the support gained, we will accelerate the transformation of metal 3D printing into volume production and, together with our customers, bring numerous applications to market.”
The sinter-based Additive Manufacturing process used by Headmade, Cold Metal Fusion, enables the series production of complex metal parts in large quantities of over 100,000 parts. This distinguishes the process from common metal AM processes, which may be more limited in terms of both speed and manufacturing costs for larger series.
The company states that it will use the funds for the extensive expansion of production capacities, the product portfolio and international sales. It will also use the additional funds to provide international users access to the company’s technology and to greatly expand production capacities for its own feedstock material. On the product side, further materials and alloys will be released and optimised hardware will be made available in cooperation with partners.
Arno Held, Managing Director of AM Ventures, commented, “We have been observing Headmade Materials for quite some time and are impressed by the company’s development in the last few years. The great scope of applications the technology enables and the successful projects that the team of Christian Fischer and Christian Staudigel have carried out speak for themselves. We are very excited to now have become part of the Headmade journey and to take the next steps together.”
Robert Gallenberger, Partner at btov Industrial Technologies Fund, added, “We still see the most promising approach for mass production in metal 3D printing from the combination of market, technology and team. We are glad that we could also win the experts at AM Ventures for it and are convinced that this is the best possible fit for the upcoming steps.”