Total amount raised
$816.8 Millions
Latest funding date
05/01/2022
Location
Desktop Metal has developed a range of 3D printing platforms and technologies designed for mass production, including high-speed metal 3D printing and office-friendly systems for rapid prototyping. The company is committed to delivering Additive Manufacturing (AM) 2.0 technologies that enable efficient and scalable production.
Keep reading to explore the intricacies of Desktop Metal's fundraising journey and the investors backing this innovative platform.
What Is Desktop Metal?
Desktop Metal, founded in 2015, is a pioneer in the Additive Manufacturing (3D Printing) industry. Based in Burlington, MA, the company is dedicated to delivering AM 2.0 technologies that enable mass production.
Specializing in metal and carbon fiber 3D printing, Desktop Metal offers a variety of systems for high-speed mass production, batch production, and office-friendly prototyping. Their innovative materials and applications are designed to drive the future of Additive Manufacturing.
The company's portfolio includes brands like Desktop Health, ETEC, ExOne, Adaptive3D, and Forust, each focusing on different aspects of 3D printing technology.
How Much Funding Has Desktop Metal Raised?
- Series A
- Amount Raised: -
- Date: December 2016
- Lead Investors: -
- Series B
- Amount Raised: $4M
- Date: July 2016
- Lead Investors: GE Ventures, Saudi Aramco Energy Ventures
- Series C
- Amount Raised: $45M
- Date: February 2017
- Lead Investors: Google Ventures
- Series D (First Round)
- Amount Raised: $115M
- Date: July 2017
- Lead Investors: New Enterprise Associates
- Series D (Second Round)
- Amount Raised: $65M
- Date: March 2018
- Lead Investors: Ford Motor
- Series E
- Amount Raised: $160M
- Date: January 2019
- Lead Investors: Koch, Inc.
- Grant
- Amount Raised: -
- Date: March 2019
- Lead Investors: BloombergNEF
- Secondary Market
- Amount Raised: -
- Date: July 2020
- Lead Investors: 40 North Ventures
- Post-IPO Equity
- Amount Raised: $280M
- Date: December 2020
- Lead Investors: -
- Post-IPO Debt
- Amount Raised: $100M
- Date: May 2022
- Lead Investors: -
In total, Desktop Metal has raised $769M across various funding rounds.
Key Investors
- GE Ventures
- Details: GE Ventures is the venture capital arm of General Electric, focusing on funding innovative startups. They aim to accelerate growth and bring new technologies to market.
- Investment Focus Areas: Energy, healthcare, software, advanced manufacturing
- Notable Investments: Carbon, Clearpath Robotics, Airware
- Google Ventures
- Details: Google Ventures, also known as GV, is the venture capital investment arm of Alphabet Inc. They provide seed, venture, and growth-stage funding to technology companies.
- Investment Focus Areas: Life sciences, artificial intelligence, robotics, transportation
- Notable Investments: Uber, Slack, Nest
- Ford Motor
- Details: Ford Motor Company is an American multinational automaker headquartered in Dearborn, Michigan. They are known for manufacturing automobiles and commercial vehicles under the Ford brand.
- Investment Focus Areas: Automotive, mobility, electric vehicles, autonomous driving
- Notable Investments: Rivian, Argo AI, Autonomic
- Koch, Inc.
- Details: Koch Industries, Inc. is an American multinational corporation based in Wichita, Kansas. They are involved in a variety of industries, including manufacturing, trading, and investments.
- Investment Focus Areas: Energy, chemicals, refining, biofuels
- Notable Investments: Infor, Guardian Industries, Molex
- New Enterprise Associates
- Details: New Enterprise Associates (NEA) is a global venture capital firm investing in technology and healthcare. They have a long history of supporting entrepreneurs and innovative companies.
- Investment Focus Areas: Healthcare, technology, software, consumer products
- Notable Investments: Coursera, Duolingo, Robinhood
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