A robotic metal 3D printing company has raised €7 million in a Series A funding round aimed at accelerating its international growth. EDF Pulse Ventures, the corporate venture investment arm of the French energy company EDF, led the funding round to benefit Amsterdam, Netherlands-based MX3D, with participation from ING Sustainable Investments and the continued support from existing investor PDENH.
MX3D’s wire arc additive manufacturing (WAAM) technology offers an alternative to traditional casting and forging methods for fabricating complex metal parts. The process cuts material waste by more than 80 percent, delivering measurable economic and environmental benefits.
Thanks to this backing, MX3D is poised to accelerate global deployment of its range of 3D printing Systems and expand its print-on-demand services. To meet global demand, MX3D is expanding its Amsterdam facility with a new production hall equipped with six additional systems capable of printing up to 20 tonnes (22 tons) of metal parts. This expansion brings the company’s total number of systems to 15, including several systems dedicated to material innovation and the continued development of its proprietary MetalXL Software.
With strong backing from EDF Pulse Ventures, PDENH, and ING, MX3D CEO Gijs van der Velden says his company is positioned to reshape the future of industrial metal production.
“We’re thrilled to have the support of such a strong consortium of investors as we enter this next growth phase,” he says. “This investment will enable us to scale up our operations, further develop our technology, and bring the benefits of robotic metal 3D printing to even more industries worldwide.”
