HZG Group invests in trinckle’s Series A funding round
Software specialist for design automation in Additive Manufacturing, trinckle, Berlin, Germany, has raised €3 million in its Series A financing round which saw lead investment from the Germany-based HZG Group. This venture capitalist group, which was founded by Kerstin and Frank Carsten Herzog (the original founders of Concept Laser GmbH), supports Additive Manufacturing startups and related industry fields.
With this investment, trinckle aims to further expand its technological focus, strengthen its team and launch its software solution on a broad scale. According to the company, its software targets a central problem of Additive Manufacturing: every application – regardless of the industry – is associated with a high manual design effort. So far, this construction or design work can only be done by a few experts in complex CAD programs. The paramate software solution developed by trinckle enables the simple automation of design processes that are suited to beginners or more experienced designers.
The HZG Group’s investment is said to not only bring in capital, but it also helps trinckle, with its entrepreneurial and technical expertise in Additive Manufacturing, to manage the targeted company growth and to drive market penetration. Using the large network of the HZG Group, the next development steps will also be accelerated.
Kerstin Herzog, Managing Director of the HZG Group, stated, “By significantly reducing the entry barriers to design creation and allowing recurring design tasks to be fully automated on demand, trinckle can give the whole Additive Manufacturing technology a decisive boost.“
Florian Reichle, co-founder and managing director of trinckle, commented, “We are very pleased about the proof of trust in the face of the recession. Especially now, many companies are dependent on saving costs. In addition to significant savings potential, our range of solutions offers the opportunity to simplify production processes and roll them out globally. This enables completely new digital processes and business models in the sense of Industry 4.0, which are prepared for the future.“
Marlene Vogel, co-founder and technical managing director of trinckle, said, “The recent financing round is the next milestone in the development of our company. We are thrilled to have HZG Group on board, the VC investor who is both entrepreneurially experienced and technically highly versed in 3D printing. This is exactly the right combination at the right time to now take the company to the next level and scale it up.”
