US-based on-demand manufacturing platform Xometry increased its latest funding round to $55m today following a $5m extension provided by Robert Bosch Venture Capital, the investment unit of industrial group Bosch.
Xometry had obtained an initial $50m in May 2019 from Dell Technologies Capital, BMW i Ventures and GE Ventures, respective corporate venturing division of computer vendor Dell, carmaker BMW and industrial conglomerate General Electric.
Greenspring Associates led the $50m first close, which also featured Maryland Venture Fund, Foundry Group, Highland Capital Partners, Almaz Capital and a range of undisclosed existing shareholders.
Xometry, originally known as Nextline Manufacturing, operates a marketplace for clients to order custom-made parts from manufacturers that offer services such as 3D printing and injection molding.
The platform exploits artificial intelligence to generate pricing, lead times and design. It is using the money to expand into Europe.
Xometry’s total funding now stands at $118m. Foundry Group previously led a $25m funding round in July 2018 that featured GE Ventures, BMW i Ventures, Almaz Capital, Highland Capital Partners and Maryland Venture Fund.
BMW i Ventures led a $15m round in July 2017 that also included GE Ventures and Highland Capital. The latter two had already participated in a $14.2m round five months earlier, with Highland a returning investor.
