PDENH joins 2.25 million investment round for 3D printing company MX3D

19 April 2021

PDENH invests together with DOEN Participaties and the Netherlands Enterprise Agency (RVO) are investing 2.25 million euros in MX3D. The investment is for the global acceleration of growth and the launch of the M1 printer, as well as further development of ‘MetalXL’. Read all about it in the press release below. 

- press release - 

Investment used for launch of special M1 printer 
PDENH, DOEN Participaties and RVO invest €2.25 million in 3D printing company MX3D 

Amsterdam, 14 April 2021 – The Participatory Fund Sustainable Economy North-Holland (PDENH), DOEN Participaties, and the Netherlands Enterprise Agency (RVO) are investing €2.25 million in MX3D. The funds will be used for a global acceleration of growth and the launch of the M1 printer, a complete package of welding robot, sensors, and software for 3D metal printing. Investment will also be made in the further development of ‘MetalXL’, a software and sensor package that enables customers to convert their own welding robots into industrial 3D metal printers. 

MX3D – known for the first metal 3D printed bridge The world – has unleashed a revolution through its new production method, allowing for the printing of large metal objects with sometimes up to 80 percent material savings. As one of the pioneers in this 3D printing technology, MX3D has opened the doors to large-scale application of additive manufacturing in high-impact industries such as the maritime sector, Oil & Gas, and the manufacturing industry. The product Metal XL Software enables companies to turn their welding robot into an industrial 3D printer. Recently, MX3D MetalXL has successfully tested under beta users and the time is right for a commercial rollout of the technology to the market.

Complete solution
With the launch of the M1, MX3D offers customers a complete solution. “Our Metal XL enables companies to turn their welding robot into an industrial 3D printer within a day,” says Gijs van der Velden, CEO of MX3D. “However, since the launch of MetalXL, we have received surprisingly many requests for a complete solution. With the M1 printer, we cater to this group. This allows customers who do not yet have a welding robot to quickly start with large-scale metal printing.”

Development and sales
MX3D is fully committed to the further development of MetalXL, a software-hardware solution to which multiple brands of robots, welding machines and sensors can be linked. “Our goal is, with the help of the investment, to connect three more brands of welding robots; then we will be able to serve eighty percent of the global market,” said Van der Velden. 

PARENTS AND CHILDREN
PDENH and DOEN Participaties have been supporting MX3D for a longer time and, with this new investment, are demonstrating great confidence in the M1 printer and the future of MX3D. “The innovative solution allows companies to improve production methods, thereby saving a lot of material and transport, which can make a significant contribution to a sustainable future,” said Merijn ten Thije, Impact Investment Manager at DOEN Participaties. Joost de Waard, Investment Manager at PDENH agrees with this.“We strongly believe in the technological lead and global potential of MX3D and are happy to help make MX3D's growth plans a reality.”

About MX3D
Since 2015, the Dutch company MX3D has been developing 3D printing technology to print large-scale metal using welding robots. The developed technique saves material, costs, and lead time in the industrial, maritime, and architecture sectors. The company gained global recognition with a 3D-printed bridge for the centre of Amsterdam. In the meantime, the company is predominantly focusing on high-impact industrial markets such as tooling, Oil & Gas, and the maritime industry. In 2018, MX3D won a Dutch Design Week Public Award and the prestigious STARTS Prize from the European Union. In 2019, the company was also selected as one of the Netherlands' most innovative companies by the Chamber of Commerce and the EU robotics programme. MX3D has partnerships with, among others, Autodesk, Takenaka, TU Delft, ArcelorMittal, ABB, Imperial College London, and Lenovo. For more information, see: www.mx3d.com 

Over the PDENH
The Participatie Fund Sustainable Economy North Holland is an investment fund for established and start-up businesses and projects focused on the energy transition, sustainable mobility, and the circular economy, thereby contributing to the sustainable economy in North Holland. Other sustainable innovations may also be eligible for investment. The fund was established and financed by the Province of North Holland and is managed by KplusV and StartGreen Capital. See also www.pdenh.nl .

About DOEN Participations
DOEN Participaties has been investing in innovative, sustainable and social start-ups for over 25 years. DOEN Participaties aims to make the world greener and more socially responsible. That is why impact is central to all investments. DOEN Participaties invests in the early stages of companies and dares to take risks. DOEN Participaties is wholly owned and managed by Stichting DOEN. Stichting DOEN was established by the Nationale Postcode Loterij to support innovative initiatives. For more information see www.doenparticipaties.nl

Regarding RVO
The Netherlands Enterprise Agency (RVO) stimulates enterprise in the Netherlands in sustainable, agricultural, innovative and international business. Through information and advice, financing, finding business partners and complying with legislation and regulations. RVO is part of the Ministry of Economic Affairs and Climate Policy, but also carries out assignments on behalf of other ministries and the European Union. www.rvo.nl