Mr Beam to get funded by Extorel, BayBG and German angels from the Baystartup investor network
Mr Beam, a Munich, Germany-based business providing on-demand laser-cut products, announced that it raised the capital.
The deal, which ahs financial specifics undisclosed, was backed by local investors from Germany, including existing shareholder Extorel, BayBG Bayerische Beteiligungsgesellschaft and private investors from the Baystartup investor network.
Mr Beam, founded in 2014 by Teja Philipp (CEO), Daniel Wünsch and Andy Werner, develops desktop laser cutters that are intended to enable private and commercial users to enter the digital production of individualized series products.
The company processes more than 30 types of materials and works with creative people who want to market their developments, designers and engineers who want to automate process steps, make developments more cost-effective and design prototypes for architectural models, for example.
Mr Beam previously raised money from Extorel, the family office investment vehicle of the Strascheg family.