Germany’s Headmade Materials secures €8.25M from AM Ventures and the European Innovation Council
Bayern-based Headmade Materials, a developer of metal 3D printing process by ColdMetalFusion (‘Metal SLS’), announced that it has raised €2.5M in its Series A round of funding. The round was led by additive manufacturing specialist AM Ventures. Existing investor btov Industrial Technologies Fund also joined in.
Additionally, Headmade Materials also received funding of up to €5.8M under the European Union’s EIC Accelerator programme.
The EIC Accelerator programme supports individual SMEs, in particular, startups and spin-out companies, to develop and scale-up ground-breaking innovations. The programme offers grants of up to €2.5M combined with equity investments through the EIC Fund ranging from €0.5M to €15M. In addition, EIC selected companies also receive coaching, mentoring, access to investors and corporates, and other opportunities.
In a press release, the company says that 3D printing of metal parts is one of the growth markets of the next few years, with high volume manufacturing playing a key role.
Smart materials for the future of 3D printing
Founded by Christian Staudigel, Christian Fischer, Marius Geldner, and Christian Fink, Headmade Materials is a deep tech company in the fields of 3D printing and Powder Metallurgy. It develops materials and processes for metal 3D printing of series parts.
The core of the technology is the self-developed sinter-based 3D printing process ColdMetalFusion (‘Metal SLS’), which enables customers to produce metal parts cost-effectively and in serial production.
The company’s ColdMetalFusion 3D printing technology enables series production of 1,000 to over 100,000 parts by combining existing standard processes of plastic 3D printing (SLS) with Powder Metallurgy processes (debinding and sintering). This enables the economical production of larger series and simplifies process integration for customers.
Powder Metallurgical companies such as Plansee, Element22 or MIMplus already use the process from Headmade Materials while other industry leaders are currently in the process of implementation.
Capital utilisation
Headmade Materials claims that it will use the funds for expansion of production capacities for its own feedstock material, international sales, and product portfolio. On the product side, further materials and alloys will be released and optimised hardware will be made available in cooperation with partners.
Speaking on the development, Christian Staudigel, co-founder of Headmade Materials, says, “With decades of experience in industrial 3D printing, AM Ventures is the perfect fit for us. In addition, the collaboration with our existing investor btov Industrial Technologies Fund has already worked excellent within the additive manufacturing market. With the support gained, we will accelerate the transformation of metal 3D printing into volume production and, together with our customers, bring numerous applications to market.”