What is Xometry?
Founded in 2013 and headquartered in Gaithersburg, Maryland, Xometry operates an advanced digital platform that connects customers with a nationwide network of manufacturing facilities. By leveraging proprietary algorithms and a vast supply chain, the company provides instant quoting and on-demand production services. This model democratizes access to high-quality manufacturing, allowing businesses to streamline procurement, reduce lead times, and optimize production costs. Xometry's market position is defined by its ability to integrate disparate manufacturing capabilities into a unified, user-friendly digital interface, catering to a wide array of industries ranging from automotive to aerospace.
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 Highland Capital Partners and GE Ventures
Series B (2017): $15M featuring Highland Capital Partners, BMW, and GE Ventures
Series C (2018): $25M backed by GE Ventures, Foundry Group, Maryland Venture Fund, Almaz Capital, Highland Capital Partners, and BMW
Series D (2019): $55M with participation from Maryland Venture Fund, BMW, Greenspring Associates, GE Ventures, Robert Bosch Venture Capital, Dell Technologies, Almaz Capital, Highland Capital Partners, and Foundry Group
Debt (2020): $2M led by PPP
Series E (2020): $75M supported by Durable Capital Partners, Greenspring Associates, Robert Bosch Venture Capital, Dell Technologies, Foundry Group, Almaz Capital, Highland Capital Partners, T. Rowe Price Associates, ArrowMark Partners, and BMW
Stock Issuance/Offering (2021): $347.9M, investors not publicly disclosed
Key Investors in Xometry
Highland Capital Partners
A venture capital firm with a significant track record of supporting startups through to IPO, managing $7 billion in assets and emphasizing long-term partnership.
GE Ventures
The investment arm of General Electric, focusing on industrial technology, infrastructure, and digital services to drive innovation across global sectors.
BMW i Ventures
A corporate venture firm that leverages the expertise of BMW to invest in automotive-adjacent technologies, including manufacturing solutions and electric vehicle infrastructure.
What's next for Xometry?
With the infusion of $347.9M, Xometry is well-positioned to accelerate its strategic initiatives, focusing on platform expansion and the deepening of its technological infrastructure. The company is expected to prioritize the enhancement of its AI-driven quoting engine and the further integration of its supply chain network to meet increasing enterprise demand. As the manufacturing sector continues to shift toward digital-first procurement, Xometry's focus will likely remain on scaling its operational capacity and expanding its footprint in international markets. The continued support from high-profile corporate and venture partners suggests a long-term commitment to maintaining its competitive edge in the industrial technology landscape.
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