What is Xometry?
Founded in 2013 and headquartered in Gaithersburg, Maryland, Xometry operates an advanced instant quoting platform that connects customers with a nationwide network of machine shops. This innovative approach democratizes access to manufacturing services, making custom production more efficient and accessible. The company's core offering facilitates seamless integration between design and production, catering to a diverse range of industrial and commercial 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 Highland Capital Partners and GE Ventures
Series A (2017): $14.2M supported by GE Ventures and Highland Capital Partners
Series B (2017): $15M featuring Highland Capital Partners, BMW, and GE Ventures
Series C (2018): $25M backed by Almaz Capital, Highland Capital Partners, Maryland Venture Fund, Foundry Group, BMW, and GE Ventures
Series D (2019): $55M with participation from Foundry Group, Dell Technologies, Robert Bosch Venture Capital, GE Ventures, BMW, Maryland Venture Fund, Greenspring Associates, Almaz Capital, and Highland Capital Partners
Debt (2020): $2M led by PPP
Series E (2020): $75M supported by T. Rowe Price Associates, Greenspring Associates, Almaz Capital, Highland Capital Partners, Foundry Group, Durable Capital Partners, BMW, Dell Technologies, ArrowMark Partners, and Robert Bosch Venture Capital
Stock Issuance/Offering (2021): $347.9M, investors not publicly disclosed
Key Investors in Xometry
GE Ventures
GE Ventures, part of the global infrastructure and technology giant General Electric, focuses on investing in innovative companies across various industrial sectors, including manufacturing and energy.
Highland Capital Partners
Highland Capital Partners is a venture capital firm with a strong track record in supporting entrepreneurs and innovative startups, managing significant assets and aiming for long-term growth partnerships.
Foundry Group
Foundry Group is a venture capital firm specializing in early-stage information technology, internet, and software startups, leveraging extensive experience to help entrepreneurs build successful companies.
What's next for Xometry?
The substantial enterprise-level funding Xometry has garnered positions it for accelerated expansion and technological advancement. This capital infusion is expected to fuel further development of its AI-driven quoting engine, enhance its supplier network capabilities, and potentially explore new market verticals. The company's strategic investments signal a commitment to solidifying its leadership in the digital manufacturing space and capitalizing on the growing demand for agile, on-demand production solutions.
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