What is Xometry?
Founded in 2013 and headquartered in Gaithersburg, Maryland, Xometry operates an advanced instant quoting platform that connects customers with a vast network of machine shops. This innovative approach aims to streamline and democratize access to manufacturing services on demand. By leveraging technology, Xometry simplifies the procurement process for businesses requiring custom parts and prototypes, offering a scalable solution for diverse manufacturing needs.
How much funding has Xometry raised?
Xometry has raised a total of $549.9M across 9 funding rounds:
Private Equity
$8.8M
Private Equity
$7M
Series A
$14.2M
Series B
$15M
Series C
$25M
Series D
$55M
Debt
$2M
Series E
$75M
Stock Offering
$347.9M
Private Equity (2015): $8.8M with participation from Highland Capital Partners
Private Equity (2016): $7M led by GE Ventures and Highland Capital Partners
Series A (2017): $14.2M supported by GE Ventures and Highland Capital Partners
Series B (2017): $15M featuring Highland Capital Partners, GE Ventures, and BMW
Series C (2018): $25M backed by Maryland Venture Fund, Foundry Group, Almaz Capital, Highland Capital Partners, BMW, and GE Ventures
Series D (2019): $55M with participation from Robert Bosch Venture Capital, Dell, Almaz Capital, Maryland Venture Fund, Highland Capital Partners, BMW, Greenspring Associates, GE Ventures, and Foundry Group
Debt (2020): $2M led by PPP
Series E (2020): $75M supported by Robert Bosch Venture Capital, Dell, BMW, ArrowMark Partners, Durable Capital Partners, Foundry Group, T. Rowe Price Associates, Almaz Capital, Highland Capital Partners, and Greenspring Associates
Stock Issuance/Offering (2021): $347.9M, investors not publicly disclosed
Key Investors in Xometry
Robert Bosch Venture Capital
Robert Bosch Venture Capital GmbH (RBVC) is a global venture capital firm that invests in innovative startups across all development stages, focusing on cutting-edge technologies.
Highland Capital Partners
Highland Capital Partners is a venture capital firm dedicated to investing in entrepreneurs and innovative startups, with a strong track record of successful exits and IPOs.
GE Ventures
GE Ventures, the venture capital arm of General Electric, invests in companies developing innovative technologies and solutions across various industrial sectors.
What's next for Xometry?
The substantial enterprise-level backing Xometry has received, particularly the recent strategic investment, positions the company for accelerated growth and market leadership. This capital infusion is likely to be directed towards enhancing its technological capabilities, expanding its supplier network, and potentially exploring new market segments. As Xometry continues to scale its operations, its focus will remain on providing efficient and accessible manufacturing solutions, further solidifying its role as a key enabler of the modern manufacturing landscape.
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