3YOURMIND Closes $12.4M in Latest Series A+ Funding Round
AnonymousMemberMay 3, 2021 at 9:20 AM
Software provider for additive manufacturing 3YOURMIND has raised $12.4 million in funding following the closing of its series A+ round in April 2021. The US-German startup dedicated to optimizing and automating the 3D printing workflow will use the new capital to advance end-to-end production processes digitization. The financing round was led by LBBW VC, the venture capital arm of German universal bank Landesbank Baden-Württemberg, and Verve Ventures, a firm backed by Switzerland’s third-largest bank, Zürcher Kantonalbank; with additional participation from existing investors UVC Partners, TRUMPF Venture, and AM Ventures.
The Berlin-based company has raised more than $32 million in funding so far over six rounds. The new investors will provide access to a deep network of potential partnerships. At the same time, the funding magnifies the previous Series A round of investment completed in September 2020 with German firm EnBW New Ventures. According to 3YOURMIND Co-founder Stephan Kühr, the investment made by EnBW New Ventures supports the business’s growth in the energy sector while the latest financing will encourage further investment towards building what he calls a “Digital Qualified Inventory.” Kühr hopes to secure 3YOURMIND’s leadership in part identification and digitization of additive manufacturing (AM) processes and expand the business
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