US-based Nexa3D, a manufacturer of ultrafast production-grade polymer 3-D printers, recently announced that it has closed financing rounds exceeding $55 million in funding. The rounds were led by a multi-billion-dollar ‘alternative asset manager’ and existing investors —  OurCrowd and Saudi Aramco Energy Ventures — along with participation from new investors. 

This funding will enable Nexa3D to bolster its manufacturing operations to fulfil increasing customer demand, scale commercial activities worldwide, expand customer acquisition and customer success operations, grow its reseller channel globally, and bring several new products to market. 

In addition, the funding allows Nexa3D to extend its overall polymer technology leadership by fast-tracking the development and commercialisation of several new ‘groundbreaking’ polymer 3-D printers, launching a new class of high-performance polymers, and accelerating the development and deployment of its proprietary software platform.

Avi Reichental, Nexa3D’s co-founder and CEO, said: “This financing puts us in a strong leadership position to accelerate the transition of additively manufactured polymers from prototyping to production at scale.

“We are grateful for the enormous validation we are receiving from our customers and investors during a very challenging operating period and are deeply appreciative of our incredible team who continue to work passionately on advancing our customers’ productivity, supply chain resiliency and sustainability. 

“Despite the unprecedented and challenging operating environment, we achieved strong growth, introduced two ultrafast photoplastic 3-D printers, brought a new generation of functional materials to market, added Quantum Laser Sintering capabilities to our portfolio and attracted a top-tier leadership team.

“We are now prepared to accelerate the development of our full line of polymer AM printers and expand our reach globally.”

Jon Medved, OurCrowd’s CEO, said: “We are delighted to increase our investment in Nexa3D. Since backing the company in its earliest days, we believed in the vision and future development of this remarkable new market for additive manufacturing.

“Today, the market has really arrived and is now growing dramatically. This significant new investment will allow Avi Reichental and the Nexa3D team to extend their market leadership, as they deliver a host of new products and breakthrough technologies to an ever-larger group of global customers and partners.”