Quantica, an advanced additive manufacturing technology company based in Berlin, announced the increase of its Series A funding to a total of €19.7 million. The extension was led by a new investor, British private equity and VC firm West Hill Capital, as well as participation from a family owned company in the dental industry, Quantica management, and Korean VC Big Bang Angels.
“Quantica’s innovative technology and strong growth potential make it an exciting addition to our portfolio,” commented David Hollidge, Managing Partner at West Hill Capital. “We look forward to working with the Quantica team to help drive the company’s expansion and bring its groundbreaking additive manufacturing solutions to a wider market.”
Founded in 2018, Quantica operates as an IP-driven deep technology company with offices in Barcelona (Spain) and Cambridge (UK). The company aims to advance additive manufacturing with its two landmark printing system solutions: the NovoJet™ OPEN printing system and the NovoJet™ JetPack. The NovoJet™ OPEN is designed for ultra-high viscosity, multi-material printing of 2D and 3D applications, serving as an open printer capable of using new materials for inkjet process and application development. The JetPack™ is an R&D tool empowering researchers to optimize and validate new materials for the NovoJet™ printheads.
“We are thrilled to welcome West Hill Capital as a new partner to our company,” said Claus Moseholm, CEO of Quantica. “This latest commitment shows how attractive our business and technology is for the larger international market. The additional funding will allow us to further expand our team and accelerate the development and production of our cutting-edge additive manufacturing solutions.”
This latest funding round follows a string of milestones for Quantica, including a cooperation with ALTANA Cubic Ink® to expand the material portfolio for inkjet technologies, a partnership with measurement system provider ImageXpert, and the launch of an AI-based build management and slicing software named MultiSlice in cooperation with Czech start-up Additive Appearance. The company also recently unveiled its NovoJet™ OPEN system and forged a strategic printhead manufacturing partnership with industry leader Xaar.
Read the orginal article: https://www.eu-startups.com/2024/06/berlin-based-quantica-increases-series-a-to-e19-7-million-to-fuel-growth-of-its-additive-manufacturing-tech/
