Essentium Closes $22.2 Million Series a FundingJanuary 24, 2019October 30, 2019 | The Essentium TeamShare Heralds a New Era for Additive Manufacturing in the Automotive, Aerospace, Contract Manufacturing and Biomedical Industries COLLEGE STATION, TX, 24 January 7am Eastern — Essentium, Inc., a leading provider and innovator of disruptive 3D printing solutions for industrial additive manufacturing, today announced that it has closed $22.2 million in Series A funding. The round was led by BASF Venture Capital with participation from Materialise, Genesis Park, and previous seed round investors. BASF Venture Capital Investment Manager, Sven Thate, will join the Essentium board. The funding round will be used to scale manufacturing, engineering, international distribution, sales and marketing operations to meet market demand for the recently introduced Essentium High Speed Extrusion (HSE) Platform.The fact that the Essentium Series A round of financing is one of the highest in the history of additive manufacturing illustrates the role the company will play in transitioning the category from hype to implementation. The multi-billion-dollar potential of additive manufacturing has long been hampered by an inability to produce parts to a similar strength, speed and scale of injection molded parts. Essentium’s innovation in materials and production platforms has solved this and is poised to have profound impact in the production and manufacturing workflow of automotive, aerospace, contract manufacturing and biomedical industries.Essentium has operations in College Station, Texas; Orange County, California; and Shanghai, China. These areas are set to benefit through employment and business creation opportunities from the fast-growing additive manufacturing market and its impact on industries such as automotive, aerospace, biomedical, contract manufacturing, and oil and gas.SUPPORTING QUOTES:BASF Venture Capital investment manager, Sven Thate: “Unleashing and accelerating the potential of additive manufacturing for our customers is a priority for BASF. Our investment, together with the strategic market partnership BASF has with Essentium, advances this strategy.”Genesis Park founding partner, Paul Hobby: “Essentium falls right in our sweet spot of sponsoring local enterprise and helping fast growth companies successfully scale to the next level. The emerging technology and innovation ecosystem in Texas define the future of our regional economy. Sustainable efficiency is key to competitiveness in our legacy energy businesses and Essentium offers great possibilities for those sectors as well.”Essentium co-founder and CEO, Blake Teipel: “Industrial additive manufacturing is ripe for transformation. The problem/solution paradigm is made clear through independent research we commissioned among executives in industrial manufacturing where 100% of respondents reported obstacles in using 3D printing for large scale production, and 88% stated that their industries will save billions of dollars in production costs when the barriers are eliminated. Eliminating these barriers is what Essentium is delivering on.” About EssentiumAs innovators in both materials and production systems, Essentium is committed to creating digitally-enabled solutions at scale for the world’s top manufacturers. Essentium provides a new generation of industrial 3D manufacturing platforms with performance, reliability, and economics in mind.Media Contact: debra@rainemakers.comShare
Heralds a New Era for Additive Manufacturing in the Automotive, Aerospace, Contract Manufacturing and Biomedical Industries COLLEGE STATION, TX, 24 January 7am Eastern — Essentium, Inc., a leading provider and innovator of disruptive 3D printing solutions for industrial additive manufacturing, today announced that it has closed $22.2 million in Series A funding. The round was led by BASF Venture Capital with participation from Materialise, Genesis Park, and previous seed round investors. BASF Venture Capital Investment Manager, Sven Thate, will join the Essentium board. The funding round will be used to scale manufacturing, engineering, international distribution, sales and marketing operations to meet market demand for the recently introduced Essentium High Speed Extrusion (HSE) Platform.The fact that the Essentium Series A round of financing is one of the highest in the history of additive manufacturing illustrates the role the company will play in transitioning the category from hype to implementation. The multi-billion-dollar potential of additive manufacturing has long been hampered by an inability to produce parts to a similar strength, speed and scale of injection molded parts. Essentium’s innovation in materials and production platforms has solved this and is poised to have profound impact in the production and manufacturing workflow of automotive, aerospace, contract manufacturing and biomedical industries.Essentium has operations in College Station, Texas; Orange County, California; and Shanghai, China. These areas are set to benefit through employment and business creation opportunities from the fast-growing additive manufacturing market and its impact on industries such as automotive, aerospace, biomedical, contract manufacturing, and oil and gas.SUPPORTING QUOTES:BASF Venture Capital investment manager, Sven Thate: “Unleashing and accelerating the potential of additive manufacturing for our customers is a priority for BASF. Our investment, together with the strategic market partnership BASF has with Essentium, advances this strategy.”Genesis Park founding partner, Paul Hobby: “Essentium falls right in our sweet spot of sponsoring local enterprise and helping fast growth companies successfully scale to the next level. The emerging technology and innovation ecosystem in Texas define the future of our regional economy. Sustainable efficiency is key to competitiveness in our legacy energy businesses and Essentium offers great possibilities for those sectors as well.”Essentium co-founder and CEO, Blake Teipel: “Industrial additive manufacturing is ripe for transformation. The problem/solution paradigm is made clear through independent research we commissioned among executives in industrial manufacturing where 100% of respondents reported obstacles in using 3D printing for large scale production, and 88% stated that their industries will save billions of dollars in production costs when the barriers are eliminated. Eliminating these barriers is what Essentium is delivering on.” About EssentiumAs innovators in both materials and production systems, Essentium is committed to creating digitally-enabled solutions at scale for the world’s top manufacturers. Essentium provides a new generation of industrial 3D manufacturing platforms with performance, reliability, and economics in mind.Media Contact: debra@rainemakers.com
Lewis Simms January 12, 2024Nexa3D Completes Acquisition of Essentium Adding High-Speed Extrusion to Its Powerful Additive Manufacturing PortfolioAcquisition broadens capabilities, adds super polymer expertise, and democratizes access to industrial, health and government customersVENTURA, CA, January 12th, 2024 – Nexa3D, the ultrafast 3D printing leader, announced the successful completion of its acquisition of Essentium, a distinguished manufacturer of high-speed extrusion (HSE) 3D printers and materials. Nexa3D has rapidly emerged as an industry leader in industrial 3D printing, offering revolutionary production solutions to businesses across various sectors. Renowned for its ultrafast 3D printers, which span from desktop to factory floor sizes, Nexa3D’s cutting-edge technology has redefined the possibilities of 3D printing production, enabling unparalleled productivity, accuracy, and material versatility. With over 1500 systems worldwide, Nexa3D’s printers have become the preferred solution for high-throughput production applications. Read More
The Essentium Team November 6, 2023Nexa3D Announces Intent to Acquire Essentium; Adds High Speed Extrusion to its Product PortfolioAcquisition would broaden capabilities, expand addressable markets, and diversify revenues for the fast-growing 3D printing company. Nexa3D, the ultrafast 3D printing leader, has taken a significant step in staking its leadership position in the industrial additive manufacturing space by signing a letter of intent to acquire Essentium, a prominent manufacturer of HSE 3D printers and materials, widely adopted for high requirement, precision applications in aerospace, military, and defense. With this acquisition, Nexa3D would add high-speed extrusion (HSE) to its current product portfolio. Read More
The Essentium Team October 17, 2023Essentium and KVG Rapid 3D Printing Collaboration Strengthens Ukraine’s Defense Response Essentium®, Inc., a leading innovator of industrial additive manufacturing (AM) solutions, has joined forces with KVG®, an internationally recognized mission support provider, to provide Ukraine with 3D printing solutions, training, and manufacturing tools. These 3D printing capabilities enable rapid, on-demand production of mission-critical parts and components in the field of conflict. Read More
