Xometry, the US-based developer of an on-demand manufacturing platform, has received $25m in a funding round featuring subsidiaries of automotive manufacturer BMW and industrial product and appliance maker General Electric.
BMW i Ventures and GE Ventures were joined by venture capital firm Foundry Group, which led the round, as well as Almaz Capital, Highland Capital Partners and Maryland Venture Fund.
Founded in 2013, Xometry has built a software platform that allows engineers and designers to source customised parts and manufacturing services from a network of more than 2,300 manufacturing partners.
The company secured the funding alongside the acquisition of competitor MakeTime for an undisclosed amount. MakeTime had raised $11.9m from investors including Foundry Group, Almaz Capital and Kentucky Science and Technology Corporation.
Xometry has now raised a total of $63m, including $14.2m in a February 2017 round featuring GE Ventures and Highland Capital Partners, both of which returned for a $15m round in July 2017 that was led by BMW i Ventures.