Nexa3D Secures More Than $55 Million to Support Business Expansion

By McKenzie Carpenter Monday, May 17, 2021

Nexa3D, a 3D printing startup company, announced it raised more than $55 million as it looks to expand business operations and the development of its 3D printers.

Nexa3D NXE400 industrial 3D printer.

About Nexa3D

Nexa3D is a California-based startup company that specializes in developing and manufacturing fast-producing polymer 3D printers for businesses of all sizes. Through the digital twin printing (DTP) software created by the business, Nexa3D developed two differing printing engines for its machines: Lubricant Sublayer Photo-curing (LSPc) and Quantum Laser Sintering (QLS).

Each print engine is designed for a specific purpose. The LSPc engine is intended for photoplastics purposes. Photoplastics are created from the photopolymerization process where liquid polymers are cured by UV lights to shape the liquids into different solid forms. The 3D printers startup currently offers two photoplastic machines: the NXE 400 and the NXD 200.

The QLS engine is intended for thermoplastics purposes. Thermoplastics are essentially plastic polymers that can be melted and remodeled for nearly forever. The QLS 350 is the only thermoplastic printer offered by the business at the moment.

According to the startup, the company has developed 3D printers with rapid printing capabilities that can lead to a 20 times increase in productivity. As a result of faster production times, prototyping periods and production cycles are decreased significantly.

The business does not disclose how much each printer costs unless a demo is booked. Nexa3D has partnered with several material suppliers including, Henkel, BASF, DSM, and Evonik. Furthermore, Nexa3D serves a variety of industries such as manufacturing, dental, automotive, and medical.

New Funding

The startup company announced it raised more than $55 million in funding across several recently completed funding rounds led by OurCrowd and Saudi Aramco Energy Ventures. The 3D printer business did not disclose how many funding rounds were completed.

Avi Reichental, co-founder and CEO of Nexa3D, said in a statement, “This financing puts us in a strong leadership position to accelerate the transition of additively manufactured polymers from prototyping to production at scale...We are grateful for the enormous validation we are receiving from our customers and investors during a very challenging operating period and are deeply appreciative of our incredible team who continue to work passionately on advancing our customers’ productivity, supply chain resiliency and sustainability…”

Despite potential challenges caused by the COVID-19 pandemic, the startup has adapted. The company added in the statement that it expanded its 3D printing materials catalog to 16 different materials and launched its two main aforementioned photoplastic printers, along with several other achievements.

With the new capital, the business plans to advance development on its new 3D printers, launch new polymer products, and increase its focus on its proprietary software. Additionally, Nexa3D plans to scale operations that can meet increasing customer demand and global activities. Furthermore, the company also plans on investing in global reseller channels, customer acquisition, and customer success operations.

According to Crunchbase data, Nexa3D previously raised $17.8 million in a Series B round in February 2020.

The global 3D printing market was reportedly valued at roughly $13.8 billion in 2020 and is projected to grow at a CAGR of 21% from 2021 to 2028.

About the Author

Headshot of McKenzie Carpenter

McKenzie Carpenter is a graduate of Central Michigan University with a B.A.A. in Integrative Public Relations and French. McKenzie has previously worked for small businesses and nonprofit organizations.

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