Founded
Address
Desktop Metal Inc
29 Hartwell Avenue
Lexington, MA 02421
United States
Phone
Website
KANDO id: 470483
Corporate information
Official name
Desktop Metal Inc
Registration country
Official identities
US CIK 0001656886
Company type
Metal and carbon fiber 3D printing for engineers, designers, and manufacturers.Overview
Desktop Metal, Inc. was founded in 2015 by a team of seven including Ric Fulop, Chris Schuh and John Hart representing leaders in advanced manufacturing, metallurgy, and robotics. Headquartered in Burlington, Massachusetts, the company is addressing unmet challenges of speed, cost, and quality to make 3D printing an essential tool for engineers and manufacturers around the world. The company has developed solutions for every stage of the manufacturing process - from prototyping and pilot runs to mass production and aftermarket parts – to reinvent the way engineering teams produce metal and composite parts across a wide range of applications and industries. In August 2020, the company announced a going-public transaction through a reverse merger with a SPAC which was completed the following December.
Funding rounds
N/A
( )
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
Sahsen Ventures | Initial investment. Exited. (Public offering) |
Series E USD 160,000,000
USD 160,000,000 ( ) at USD 1,300,000,000 pre-money valuation
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
![[current-page:title] logo](/sites/default/files/styles/icon/public/default_images/_no-logo.png?itok=AH4pbDYM){kind=icon}
|
Koch Industries Inc | Led the round. |
Series D USD 65,000,000
USD 65,000,000 ( )
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
Ford Motor Co | Led the round. | ||
|
|
Future Fund | Australian sovereign wealth fund. |
Series D USD 115,000,000
USD 115,000,000 ( ) at USD 885,000,000 pre-money valuation
The Series D round included significant new investment from New Enterprise Associates (NEA), GV (formerly Google Ventures), GE Ventures, Future Fund and Techtronic Industries (TTI), a leader in quality consumer, professional and industrial products, inclu
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
New Enterprise Associates Inc (NEA) | Global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. | Follow-on investment. Led the round. | |
|
DCVC Management Co LLC (Data Collective) | Venture capital firm that invests in companies that are driving the big data and deep compute secular trend. | Initial investment. | |
|
|
Future Fund | Australian sovereign wealth fund. | Initial investment. | |
|
GE Ventures | The corporate venture capital arm of GE. | Initial investment. | |
|
Kleiner Perkins Caufield & Byers LLC (KPCB) | Venture capital firm. | Initial investment. | |
|
|
Lowe's Home Improvement | Initial investment. | ||
|
Lux Capital Management LLC | Research-driven investment firm focused on founding, seed and early stage investments in the physical and life sciences | Initial investment. | |
|
|
Moonrise Venture Partners | Initial investment. | ||
|
Saudi Aramco | The state owned oil company of the Kingdom of Saudi Arabia. | Initial investment. | |
|
|
Shenzhen Capital Group Co Ltd (SCGC) | Initial investment. | ||
|
|
Techtronic Industries (TTI) | Initial investment. | ||
|
|
Tyche Partners | Initial investment. | ||
|
Vertex Venture Management Pte Ltd (Vertex Ventures) | Initial investment. | ||
|
GV. | The venture capital arm of Alphabet Inc. (Formerly Google Ventures.) | Follow-on investment. |
Series C USD 45,000,000
USD 45,000,000 ( ) at USD 305,000,000 pre-money valuation
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
|
GV. | The venture capital arm of Alphabet Inc. (Formerly Google Ventures.) | Initial investment. Led the round. | |
|
BMW i Ventures | The venture capital arm of BMW investing in hardware, software, and services across manufacturing, transportation, and sustainability. | Initial investment. | |
|
Lowe's Ventures | Initial investment. | ||
|
|
Tyche Partners | Initial investment. |
Series B USD 4,000,000
USD 4,000,000 ( )
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
|
GE Ventures | The corporate venture capital arm of GE. | Led the round. | |
|
|
Saudi Aramco Energy Ventures | Led the round. |
Series B USD 33,760,835
USD 33,760,835 ( )
| Investor | Profile | Country | |
|---|---|---|---|
|
|
DCVC Management Co LLC (Data Collective) | Venture capital firm that invests in companies that are driving the big data and deep compute secular trend. | |
|
|
Kleiner Perkins Caufield & Byers LLC (KPCB) | Venture capital firm. | |
|
|
Lux Capital Management LLC | Research-driven investment firm focused on founding, seed and early stage investments in the physical and life sciences | |
|
|
New Enterprise Associates Inc (NEA) | Global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. | |
|
Stratasys Inc | 3D printing solutions company. |
Series A USD 14,000,000
USD 14,000,000 ( )
| Investor | Profile | Country | |
|---|---|---|---|
|
Bolt Innovation Management LLC (Bolt) | Venture fund that invests in early-stage startups at the intersection of hardware and software. | |
|
|
DCVC Management Co LLC (Data Collective) | Venture capital firm that invests in companies that are driving the big data and deep compute secular trend. | |
|
Founder Collective | Seed-stage venture capital fund | |
|
|
Kleiner Perkins Caufield & Byers LLC (KPCB) | Venture capital firm. | |
|
|
Lux Capital Management LLC | Research-driven investment firm focused on founding, seed and early stage investments in the physical and life sciences | |
|
|
New Enterprise Associates Inc (NEA) | Global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. | |
| Mike Volpe | Individual investor. | ||
| Wayne Chang | Individual investor. |
Investment activity status
Active investor