3YOURMIND closes Series A+ funding for further growth
- This investment will accelerate 3YOURMIND´s further growth by exploring new market opportunities to build smarter manufacturing infrastructures internationally
Munich, Germany, September 7th, 2020 – Berlin-based 3D printing software startup 3YOURMIND has raised a €4,7 million Series A+ round led by EnBW New Ventures (ENV), along with existing investors UVC Partners, AM Ventures, TRUMPF Venture and coparion. This recent investment supports not only 3YOURMIND’s further growth in sectors such as aerospace, automotive, and engineering, but also strengthens its position in the energy industry and infrastructure maintenance. 3YOURMIND has secured contracts with over 50 enterprise customers in various industries helping them to print thousands of parts per day.
3YOURMIND’s proprietary Additive Manufacturing (AM) workflow software is the centerpiece for manufacturers to optimize their value chain and achieve up to 40% cost reduction as well as 18% shorter lead times. Agile manufacturing, which is defined by flexible, automated and distributive production, is possible with 3YOURMIND and will equip enterprises with the ability to redefine the next generation of manufacturing. Primarily used as a streamlined communication tool for many industries, this workflow software has become an integral part for those who are producing spare parts on-demand, efficiently replacing outdated machinery and transitioning to a digital warehouse. Although most 3YOURMIND customers are already heavy users of Additive Manufacturing, their tool also provides an ideal entry point for those that want to identify 3D printing use cases and understand the impact that agile manufacturing can provide to their business.
“The current macro situation forces companies to focus on supply chain resilience,” says Aleksander Ciszek, Co-Founder and CEO of 3YOURMIND. “Our customers benefit from the distributed manufacturing software we are providing as the increased flexibility in their supply networks secures and generates value. We are happy that ENV and our existing investors support that vision.”
This recent investment will strengthen 3YOURMIND’s development efforts to enter new markets and industries while bolstering marketing and sales internationally. With locations in Europe and the United States, 3YOURMIND will expand further into those regions and beyond.
“Even during these unprecedented times, we expect to double our annual sales for the third straight year,” elaborates Stephan Kühr, 3YOURMIND CEO in charge of revenue and growth. “This investment by ENV and our existing investors UVC Partners, AM Ventures, TRUMPF Venture and coparion will enable us to strengthen our expansion efforts in Europe and North America.”
EnBW, similar to other energy providers, operates power plants of different types and age, as well as an extensive infrastructure for delivery. To supply their six million customers and to remain operational they must find efficient ways to maintain outdated equipment. Additive manufacturing has proven to be a viable solution.
3YOURMIND offers Enterprise Software to automate additive manufacturing processes and workflows for leading companies and 3D printing services. Their modularized product suite standardizes every aspect of the Additive Manufacturing supply chain from analyzing historical part data to efficient order management to optimal production scheduling. The Agile PLM analyzes historical part data to build a digital inventory of AM-ready parts. The Agile ERP automates AM pricing, production recommendations and routine business processes for order management. The Agile MES optimizes scheduling, transparency and quality assurance tracking along the AM production chain. With end-to-end transparency, traceability and flexibility, the software lays the foundation for Agile Manufacturing. 3YOURMIND is a global organization with headquarters in Berlin, Germany and satellite offices throughout Europe and the United States.
About UVC Partners
Unternehmertum Venture Capital Partners (UVC Partners) is a Munich- and Berlin-based early-stage venture capital firm that invests in technology-based startups in the areas of enterprise software, industrial technologies, and mobility. The fund typically invests between € 0.5 – 4m initially and up to € 15m in total per company.
Portfolio companies benefit from the extensive investment and exit experience of the management team as well as from the close cooperation with UnternehmerTUM, Europe’s leading innovation and business creation center. With over 240 employees and more than 100 industry partners, UnternehmerTUM can draw from many years of experience in establishing young companies. This cooperation enables UVC Partners to offer startups unique access to talent, industry customers, and other financial partners. The portfolio includes investments such as Blickfeld, Carjump (Free2Move), FlixBus, KONUX, TWAICE and Vimcar.