Replique spins off from BASF incubator, closes financing round
June 15, 2023
Replique, the developer of a secure digital platform for on-demand, decentralised Additive Manufacturing services, based in Mannheim, Germany, has announced it has spun off from Chemovator, the business incubator of BASF, and successfully closed a late seed round to further build its business. The funding was led by experienced early-stage investor STS Ventures, with its managing partner Stephan Schubert said to bring a valuable entrepreneurial mindset and experience to support the new company.
Replique offers an industrial AM platform that enables OEMs to store parts digitally. Those parts are provided on demand to customers via a network of more than eighty trusted and certified additive manufacturers around the world. The secure platform can also be integrated into existing business landscapes such as ERP systems and websites.
“Our platform is designed to bring part management into the 21st century, and our approach has already proven its worth. We’re excited to build on this momentum with the support of our new investors and partners,” stated Max Siebert, co-founder of Replique.
Angel investors Chameleon GmbH and R3 Consulting & Investment GmbH also took part in the late seed funding.
Oliver Kaul, partner at STS Ventures, added “We see a lot of startups with promising ideas, but Replique stood out to us as a game-changer in the manufacturing industry. Their innovative industrial 3D printing platform has the potential to disrupt the industry and we are excited to support their growth and expansion in the future. Besides the right solution, Replique also brings the right mindset and an excellent team to the table.”
Replique is the fifth startup to spin-off from Chemovator. Despite becoming an independent company, Replique maintains a close relationship with BASF as a customer as well as its subsidiary BASF 3D Printing Solutions, one of Replique’s trusted material partners, and the whole BASF network.
“We’re thrilled to have successfully spun off from Chemovator and to have secured ourselves the support of such prominent investors, who have a strong experience in scaling start-ups and bring the strategic expertise to internationalise our business in an efficient way,” said Dr Henrike Wonneberger, co-founder of Replique. “We look forward to working closely together to achieve our goal of becoming the world’s greatest digital inventory for on-demand parts.”
Replique is now focused on expanding its reach and acquiring new customers in various industries. With the proceeds, the company plans to enhance the platform’s development with new features, as well as invest in human resources.
