Germany-based custom manufacturer Langer Group has partnered asset manager KGAL to raise almost €50m ($59.5m) for an additive manufacturing (AM) fund for the venture capital firm it has established, AM Ventures.
Langer Group set up AM Ventures in early 2015 and the firm has added KGAL and its management team as shareholders in its latest fund, which has a targeted close of €100m by spring 2022.
Multiple high net-worth individuals and experienced entrepreneurs are also among the fund’s limited partners.
AM Ventures has backed 15 companies including polymer finishing product developer DyeMansion, production workflow software provider 3Yourmind, 3D-printed dental tool maker LightForce Orthodontics and, most recently, Additive Drives, which makes 3D-printed electric motor components.
Photo of managing partners Arno Held (L) and Johann Oberhofer (R) courtesy of AM Ventures.
