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6 November 2017

3YourMind erects $12m series A

Unternehmertum Venture Capital Partners has taken part in a $12m series A round for 3YourMind, an additive manufacturing spinout of Technical University of Berlin.

Author: Thierry Heles, editor

3YourMind, a Germany-based additive manufacturing spinout of Technical University of Berlin, closed a $12m series A round on Thursday led by Unternehmertum Venture Capital Partners, the investment affiliate of Technical University of Munich.

The round featured Coparion, a $255m fund backed by the German government, development bank KfW and EU-owned European Investment Fund.

Trumpf Venture, the corporate venturing arm of machine tools provider Trumpf, and AM Ventures, a venture capital affiliate of industrial 3D printing of metals and polymers provider Eos also took part in the round.

Founded in 2014, 3YourMind has developed software for industrial 3D printing applications, offering functionality such as automatic optimisation of models and a streamlining of the workflow process.

The spinout opened its New York City office in conjunction with the funding announcement and will use the capital to further expand into the US market. The cash will also enable the spinout to begin expanding into Asia and to further develop its software.

Hans Langer, founder and chief executive of Eos, previously led a seed round of undisclosed size in 2015.

Johannes von Borries, managing partner at Unternehmertum Venture Capital Partners, said: “3YourMind solves an important problem in the area-wide application of 3D printing.

“3D printing has become established as a manufacturing alternative, but now it is essential to integrate this technology efficiently into the workflow between the designer and the manufacturing process. 3YourMind makes that connection work.”

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