3D printing

April 19, 2021

PDENH invests together with DOEN Participaties and Netherlands Enterprise Agency (RVO) 2.25 million euros in MX3D. The investment is for a worldwide acceleration of the growth and the launch of the M1 printer and the further development of the 'MetalXL'. Read all about it in the press release below. 

- press release - 

Investment used to launch special M1 printer 
PDENH, DOEN Participaties and RVO are investing 2.25 million euros in 3D printing company MX3D 

Amsterdam, April 14, 2021 - Participation Fund Sustainable Economy North Holland (PDENH), DOEN Participaties and the Netherlands Enterprise Agency (RVO) invest 2.25 million euros in MX3D. The money will be used to accelerate growth worldwide and to launch the M1 printer, a total package of welding robot, sensors and software for printing 3D metal. Efforts are also being made to further develop the 'MetalXL', a software and sensor package that customers can use to convert their own welding robots into an industrial 3D metal printer. 

MX3D - known from the first metal 3D printed bridge in the world - has revolutionized its new way of manufacturing, printing large metal objects with sometimes up to 80 percent material savings. As one of the pioneers in this 3D printing technology, MX3D has opened the doors for large-scale application of additive manufacturing in high-impact industries such as the maritime industry, Oil & Gas and the manufacturing industry. The Metal XL Software product enables companies to turn their welding robot into an industrial 3D printer. Recently, MX3D has successfully tested MetalXL among beta users and the time is ripe for a commercial roll-out of the technology to the market.

Complete solution
With the launch of M1, MX3D offers customers a complete solution. “Our Metal XL enables companies to turn their welding robot into an industrial 3D printer within a day,” said Gijs van der Velden, CEO of MX3D. “Since the launch of MetalXL, however, we have been getting a surprisingly high demand for a complete solution. We serve this group with the M1 printer. This also allows customers who do not yet have a welding robot to quickly start large-scale metal printing. "

Development and sales
MX3D is fully committed to the further development of MetalXL, a software-hardware solution to which multiple brands of robots, welding machines and sensors can be connected. “Our goal is to use the investment to connect three more brands of welding robots; then we can serve eighty percent of the global market, ”says Van der Velden. 

PDENH and DO
PDENH and DOEN Participaties have been supporting MX3D for some time now and with this new investment show that they have a lot of confidence in M1 printer and the future of MX3D. “The innovative solution ensures that companies can improve production methods and thus save a lot of material and transport, which can make an important contribution to a sustainable future”, says Merijn ten Thije, Impact Investment Manager at DOEN Participaties. Joost de Waard, Investment Manager of PDENH agrees. “We strongly believe in MX3D's technological lead and global potential and are happy to help make MX3D's growth plans possible. ”

About MX3D
The Dutch company MX3D has been developing 3D printing technology to print large metal with welding robots since 2015. The developed technique saves material, costs and lead time in the industrial, maritime and architecture sector. The company gained worldwide fame with a 3D printed bridge for the center of Amsterdam. The company now mainly focuses on high impact industrial markets such as tooling, Oil & Gas and the maritime industry. In 2018 MX3D won a Dutch Designweek Public Award and the prestigious STARTS prize from the European Union. In 2019, the company was also voted one of the most innovative companies in the Netherlands by the Chamber of Commerce and the EU robotics program. MX3D has partnerships with Autodesk, Takenaka, TU Delft, ArcelorMIttal, ABB, Imperial College London and Lenovo, among others. For more information, see: www.mx3d.com 

About PDENH
The Participation Fund Sustainable Economy Noord-Holland is an investment fund for established and start-up companies and projects that focus on energy transition, sustainable mobility and the circular economy and thus contribute to the sustainable economy in Noord-Holland. Other sustainable innovations can also qualify for an investment. The fund was set up and financed by the Province of Noord-Holland and is managed by KplusV and StartGreen Capital. Also see www.pdenh.nl .

About DOEN Participaties
DOEN Participaties has been investing in innovative, sustainable and social startups for more than 25 years. DOEN Participaties has the ambition to make the world greener and more social. That is why impact is central to all investments. DOEN Participaties invests in the early phase of companies and dares to take risks. DOEN Participaties is fully owned and managed by the DOEN Foundation. The DOEN Foundation was set up by the National Postcode Lottery to support innovative initiatives. For more information see www.doenparticipaties.nl

About RVO
The Netherlands Enterprise Agency (RVO) stimulates enterprising Netherlands in sustainable, agricultural, innovative and international entrepreneurship. With information and advice, financing, finding business partners and complying with laws and regulations. RVO is part of the Ministry of Economic Affairs and Climate, but also carries out assignments on behalf of other ministries and the European Union. www.rvo.nl