Replique extends seed funding round
June 17, 2024
Replique, Mannheim, Germany, has announced the extension of its seed funding round. This follows on from its original May 2023 funding round. Lead investor STS Ventures, along with all other investors, have reportedly increased their financing in Replique.
“We’re very optimistic about Replique’s future,” Stephan Schubert from STS Ventures commented. “The strong customer growth and continuous platform extension both by function and region demonstrate the team’s commitment and the value they bring to customers. The company converted numerous proof-of-concept projects successfully to serial applications with their customers.”
Markus Bold, Managing Director from Chemovator, the business incubator and early-stage investor of BASF where Replique’s journey began, expresses his excitement: “Seeing the progress of our portfolio company Replique is truly remarkable. The commitment and support from the existing investors are invaluable contributors to this success.”
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Leveraging Additive Manufacturing technologies, Replique works to enable companies to shift from a physical to a digital inventory and provide industrial-grade parts in the right quality anywhere worldwide via a secure network of more than 100 production partners.
Over the past few months, Replique has been used in numerous customer projects to efficiently and flexibly manufacture spare parts, small series and high-performance parts. Meanwhile, companies like Alstom, BASF, Miele, Danfoss, MAN and more than eighty others use Replique to deliver parts on demand.
With the extended seed funding, Replique intends to invest in the development of new platform modules to further automate and extend its Additive Manufacturing services. Replique also plans to increase its network of qualified production partners globally to satisfy the strong demand for on-demand manufactured industrial parts. The company further aims to deepen its integration with existing business systems, making it easier for companies of all sizes to leverage the benefits of on-demand Additive Manufacturing.
“We are thrilled about the continued trust and further funding from our proven investors,” shares Max Siebert, CEO and co-founder of Replique.
“The great relationship with our investors and their additional resources will enable us to fully focus on our core business. This seed extension enables us to further develop the necessary structures to efficiently handle the increasing number of large orders in the future, ultimately accelerating our growth and delivering even greater value to our customers.”
