BCN3D secures €2.8m funding round led by CDTI and Mondragon
BCN3D, an international 3D printer manufacturer, today announced it has raised €2.8m in funding during COVID-19 pandemic.
CDTI (the Spanish National Innovation Agency) and Mondragon Group, one of the top Spanish industrial business groups, led the investment round respectively through Innvierte and its venture capital fund managed by Clave Capital, together with Accurafy4, JME Venture capital, and Danobatgroup. Is the first time that Mondragon invest in 3D printing technology.
The investment brings BCN3D’s total funding since the spin-off in 2019 to €5.5m and will help the company enable development in new materials and hardware.
The investment will be used to strengthen the development of new hardware features for the workbench segment on top of the BCN3D’s developed IDEX technology, the only extrusion system capable of printing with two heads independently.
Xavier Martinez Faneca, CEO at BCN3D said: “We are excited to have the support of Mondragon. It will allow us to strengthen our innovation plans for the workbench segment. I look forward to being part of this next phase of BCN3D, as we will accelerate the accessibility of 3D printing.”