Wematter closes SEK 6.2M in investment, scales up its 3D printing business.

Sweden Investments 27 November 2017
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Wematter, a Linköping, Sweden-based company providing 3D printing services, announced raising a new investment round totalling SEK 6.2M ($750k).

The money comes from existing and new investors, including Thorbjörn Fors and Johan Melefors, and will be used to scale up marketing, sales and production.

In addition to funds, the new investors will provide the company with access to other resources.

Thorbjörn Fors, who works for Siemens, will help build service organization, additive manufacturing and selling to large companies and Johan Melefors, who previously was an investor in Donya Labs, will contribute to the commercial package preparation for the 3D modeling industry and exploring synergies with other 3D scanner company he is involved with.

Wematter, founded in 2014 and led by president Robert Kniola, has developed a whole system for additive manufacturing that consists of a unique printer that build up the model layer by layer with a polymer powder bed. The company uses recyclability and cloud based algorithms that creates 3D-prints competing with aluminum.

According to Robert Kniola, the next steps for Wematter include getting more pilot customer equipment and preparation for mass production. After that, they should be ready for the next funding round, which will focus on internationalization and scaling up of the production.

Prior to this transaction, Wematter raised about $750k in funding from investors including Almi Invest and Håkan Dahllöf.