Nexa3D Announces Investment from XYZprinting and OurCrowd, Bringing Total Funding to ten dollars million

In 3D Printing by Samuel Fleming

Nexa3D Announces Investment from XYZprinting and OurCrowd, Bringing complete Funding to $10 million

As section of contract, XYZprinting to Manufacture and market Nexa3D’s Revolutionary High-Speed Industrial Stereolithography Printer internationally

Ventura, Ca, 9 November 2017 – Nexa3D, maker of ultra-fast Stereolithography professional-grade 3D printers, these days revealed financing from strategic buyer XYZprinting and equity crowdfunding system OurCrowd. This investment brings the sum total funding inside company to $10M USD across various investment tools.

Nexa3D logo design

Nexa3D logo design

Leading the round, XYZprinting, the world’s leading desktop computer 3D printer brand, will even manufacture and sell Nexa3D printers under the XYZ brand, including manufacture other white labeled items with respect to Nexa3D for business frontrunners various other verticals.

“This comprehensive strategic alliance was designed to accelerate marketplace access to affordable industrial quality 3D printers globally,” stated XYZprinting CEO, Simon Shen. “We genuinely believe that accuracy and speed would be the name of this online game in the world of 3D publishing and therefore are pulling most of the stops to fast-track to promote a disruptive photo-polymeric 3D printer that reimagines SL 3D printing as we know it.”

“This collaborative energy with your people can change the facial skin of 3D printing,” stated Nexa3D exec Chairman, Avi Reichental. “This printer is running on Nexa3D’s proprietary Lubricant Sublayer Photo-curing (LSPc) technology and a patented structured light matrix capable of achieving top speeds of just one cm each and every minute, that may significantly decrease 3D publishing cycles, from hours to mins.”

“We tend to be delighted that OurCrowd’s most energetic early stage investment, Cognitiv is making affordable and fast industrial-grade 3D printing a reality compliment of this essential cooperation. OurCrowd is excited to take a position alongside global leader XYZprinting, to revolutionize the continuing future of 3D publishing and bring marketplace access to the whole world,” stated OurCrowd CEO Jon Medved.

Both companies expect to achieve complete commercial standing through the last half of 2018.

A video of the cooperation is seen here:

Come see XYZprinting’s brand new industrial 3D printing profile including Nexa3D for action at FormNext, the largest exhibition and meeting from the future of additive manufacturing, November 14th – 17th, Frankfurt, Germany.

Records to Editors:

About XYZprinting:
XYZprinting is a number one worldwide supplier of comprehensive 3D publishing solutions. XYZprinting may be the no. 1 global brand in desktop 3D printing services and products and is today moving decisively in to the professional additive production arena. XYZprinting is backed by the world’s leading electric manufacturing conglomerate, brand new Kinpo Group, which earns significantly more than 36 billion dollars incomes yearly and it has over 8,500 engineers in research and development across four continents. With nearly 2 full decades of design and production experience, New Kinpo Group is an established manufacturer of numerous of today’s printers for both individual and commercial use. To find out more about us:

Press contact: Annabelle Clarke

About Nexa3D:
NEXA3D is making ultrafast industrial-grade Stereolithography 3D printers inexpensive to specialists and businesses of most sizes. The organization’s printers tend to be powered by proprietary Lubricant Sublayer Photo-curing (LSPc) technology and patented organized light matrix with the capacity of reaching top rates of just one cm each and every minute, drastically lowering 3D printing cycles of precision practical components from hours to minutes. To find out more about Nexa3D:

Press contact: Kate Li Dennis

About OurCrowd:
OurCrowd may be the leading international equity crowdfunding system for approved investors. Managed by a group of experienced investment experts and led by serial business owner Jon Medved, OurCrowd vets and selects opportunities, invests its capital, and brings companies to its approved membership of international people. OurCrowd provides post-investment assistance to its portfolio businesses, assigns skillfully developed as mentors, and takes board seating. The OurCrowd community of very nearly 20,000 investors from over 112 countries has invested over USD $500M into 120 portfolio organizations and funds. To participate OurCrowd as an accredited trader check out:

Press contact: Leah Stern

Published at Thu, 09 Nov 2017 16:03:00 +0000