Zeda closes $52 million Series B financing round

March 8, 2023

Additively manufactured implant undergoing optical CMM of the surface structure (Courtesy Zeda)
Additively manufactured implant undergoing optical CMM of the surface structure (Courtesy Zeda)

Zeda, Inc., Fremont, California, USA, has closed a $52 million Series B financing round, with funding expected to accelerate the company’s geographic footprint and medical product expansion in the US and Asia. Formerly known as PrinterPrezz/Vertex Manufacturing, the company has raised a total of $68 million in funding to date.

Zeda intends to primarily use the proceeds to fund its new advanced manufacturing digital foundry in Cincinnati, Ohio, as well as expand its facilities globally to address the growth in demand for metal Additive Manufacturing in the medical, aerospace, defence, space, and energy applications, as well as expansion into the Asian market for its medical implant applications. This follows the announcement last year of an agreement with the Singapore Healthcare Clusters and the National Additive Manufacturing Innovation Cluster (NAMIC) to grow the AM implant market in the region.

Subscribe to our weekly newsletter
Sign up

“Zeda is seeing exponential growth in our served markets, driven by our regulated-industry partners and products, due to the global environment and localising of supply chains,” stated Shri Shetty, CEO of Zeda. “We are delighted to have closed a substantial round, particularly with the current economic headwinds. This further validates our vision for the company and the capabilities of our exceptional team to execute against our business plan.”

This Series B round included participation by multiple new institutional and strategic investors, including Michelin, Taiyo Nippon Sanso Corporation (a Mitsubishi Chemical Group company), and Fives Group. It was jointly led by existing investors Boutique Venture Partners, Berkeley Catalyst Fund, DOV Management, and Solvay Ventures.

“As this funding round shows, there is a market even in tough times for industry leaders like Zeda. Few challenges are as complex as revitalizing localized manufacturing and securing critical supply chains,” added David You, founder & CEO, DOV Management. “We’re pleased to invest in Zeda as we believe, leveraging advanced manufacturing and technology, it’s best positioned to deliver reliable, high-quality products across multiple regulated industries and applications.”


Read more about Zeda (formerly PrinterPrezz) in the Summer 2022 issue of Metal AM magazine:

Transforming access to medical implants: How PrinterPrezz and Additive Manufacturing will improve global healthcare

Download Metal AM magazine

In the latest issue of Metal AM magazine

Download PDF

Extensive AM industry news coverage, as well as the following exclusive deep-dive articles:

  • Metal powders in Additive Manufacturing: An exploration of sustainable production, usage and recycling
  • Inside Wayland Additive: How innovation in electron beam PBF is opening new markets for AM
  • An end-to-end production case study: Leveraging data-driven machine learning and autonomous process control in AM
  • Consolidation, competition, and the cost of certification: Insight from New York’s AM Strategies 2024
  • Scandium’s impact on the Additive Manufacturing of aluminium alloys
  • AM for medical implants: An analysis of the impact of powder reuse in Powder Bed Fusion

The world of metal AM to your inbox

Don't miss any new issue of Metal AM magazine, and get the latest industry news. Sign up to our twice weekly newsletter.

Sign up

Discover our magazine archive…

The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:

  • Reports on visits to leading metal AM part manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

Browse the archive

Looking for AM machines, metal powders or part manufacturing services?

Discover suppliers of these and more in our comprehensive advertisers’ index and buyer’s guide, available in the back of Metal AM magazine.

  • AM machines
  • Process monitoring & calibration
  • Heat treatment & sintering
  • HIP systems & services
  • Pre- & post-processing technology
  • Powders, powder production and analysis
  • Part manufacturers
  • Consulting, training & market data
View online
Share via
Copy link
Powered by Social Snap