Sheffield 3D printing firm raises £2.5m in hopes of becoming "world leader"
A Yorkshire 3D printing company has announced that it has raised £2.5m as it aims to become a “world leader” in the industry.
Additive Manufacturing Technologies (AMT), based in Sheffield, has secured the funding from a round led by NPIF – Mercia Equity Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund.
Other investors include Foresight Williams Technology, the government’s Future Fund, DSM Venturing, the global startup investment arm of Royal DSM, and private investors.
The company, which automates the final stage of the 3D production process, has said that the total raised by the company is now more than £7m.
Joseph Crabtree, CEO of AMT, commented: “Our mission is to be the world’s first-choice application-centric provider of end-to-end industrialized automated post-processing systems.
“This latest investment will help us to unlock the full potential of industrial additive manufacturing and its sustainable impact.”
Nigel Owens of Mercia said: “AMT’s technology is accelerating the adoption of 3D printing and transforming manufacturing in many industries.
“The company has gone from strength to strength and the recent HP partnership deal is another major milestone, as it represents acceptance of its technology at the highest level.
“This latest funding is allowing AMT to capitalise on its successes and continue its rapid growth.”
Ken Cooper at British Business Bank added: “This investment demonstrates how NPIF is able to support high-growth businesses in the North like AMT and unlock additional capital from other investors.
“As the economy starts to recover we anticipate that the demand for equity finance will increase across the north and we are pleased that NPIF will be able to support more innovative, growing companies like AMT.”
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