Aeditive in a €6M seed capital backed by BitStone Capital, Atlantic Labs, and business angels from Germany.
Aeditive, a Norderstedt (Hamburg), Germany-based software developer of a robotic 3D printing solution aimed to digitalize the construction industry, announced completing a capital funding round of €6M ($7.3M).
The money was raised from German investors led by BitStone Capital, and joined by Atlantic Labs and strategic investor Glatthaar Holding, from the Black Forest, Europe's largest manufacturer of floor slabs and prefabricated basements and one of the most innovative companies in the industry.
The round was also joined by business angels including Young Sohn (ex- Samsung), Sebastian Pollok (ex-Amorelie), and Marc Stilke (ex- Immobilienscout24).
Aeditive, founded in 2019 by CEO Alexander Tuerk, Hendrik Lindemann, Niklas Nolte and Roman Gerbers, digitizes the construction industry with robotic 3D printing solutions, addressing shortage of skilled labor and sustainability.
The company's manufacturing system is called Concrete Aeditor and consists of two industrial robots that fully automate the precast concrete manufacturing process - from concrete mixing to finishing. The components are planned in Aeditive's proprietary software in the cloud. The high level of automation offers a response to the industry's increasing shortage of skilled labor. Optimizations of elements are expected to save concrete and the associated CO2 emissions.
Aeditive was initially pre-seeded by Atlantic Labs in June 2019.