What is Xometry?
Founded in 2013 and headquartered in Gaithersburg, Maryland, Xometry operates as a transformative force in the industrial manufacturing landscape. The company provides an advanced digital marketplace that connects customers with a vast, distributed network of manufacturing facilities. By leveraging machine learning and automated quoting algorithms, Xometry simplifies the procurement process for custom parts, effectively democratizing access to high-quality manufacturing services. Its platform serves a diverse array of industries, ranging from automotive and aerospace to consumer electronics, positioning the company as a critical node in the modern supply chain. Through its commitment to efficiency and scalability, Xometry has effectively disrupted traditional manufacturing models, offering a seamless, tech-enabled alternative for businesses requiring rapid prototyping and production at scale.
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 Highland Capital Partners and GE Ventures
Series B (2017): $15M featuring GE Ventures, BMW, and Highland Capital Partners
Series C (2018): $25M backed by Highland Capital Partners, Foundry Group, BMW, Maryland Venture Fund, GE Ventures, and Almaz Capital
Series D (2019): $55M with participation from Robert Bosch Venture Capital, Highland Capital Partners, Maryland Venture Fund, GE Ventures, Foundry Group, BMW, Dell Technologies, Greenspring Associates, and Almaz Capital
Debt (2020): $2M led by PPP
Series E (2020): $75M supported by Durable Capital Partners, ArrowMark Partners, Robert Bosch Venture Capital, Foundry Group, BMW, Dell Technologies, Highland Capital Partners, Almaz Capital, Greenspring Associates, and T. Rowe Price Associates
Stock Issuance/Offering (2021): $347.9M, investors not publicly disclosed
Key Investors in Xometry
Highland Capital Partners
A venture capital firm with a robust track record of supporting innovative startups, managing $7 billion in assets and facilitating numerous IPOs and unicorn exits.
Foundry Group
A Boulder-based venture capital firm specializing in early-stage information technology and software, known for its hands-on approach to scaling high-growth companies.
BMW
Operating through BMW i Ventures, this corporate partner focuses on high-impact investments in automotive retail, manufacturing solutions, and digital sales platforms.
What's next for Xometry?
Looking ahead, Xometry is well-positioned to leverage its recent capital influx to deepen its market penetration and expand its service offerings. The company's strategic roadmap likely involves further integration of AI-driven manufacturing insights and the potential expansion of its network capabilities to meet the increasing demand for localized, on-demand production. As the manufacturing sector continues to undergo digital transformation, Xometry's ability to maintain its technological edge will be paramount. The ongoing support from institutional investors suggests a long-term commitment to scaling the platform's reach, potentially exploring new geographic markets or vertical-specific manufacturing solutions that align with the evolving needs of global enterprise clients.
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