Feb 1, 2017 | By Tess
Polish 3D printer manufacturer Sinterit, maker of the Sinterit Lisa SLS 3D printer, has announced it has secured €1.1 million ($1.18 million) in funding via a rights issue. The funding came from FIT AG, an additive manufacturing company based in Lupburg, Germany.
As of now, the investment terms have remained undisclosed, through Sinterit relayed that it is still independent. In other words, the funding does not mean FIT AG will be sitting on the Sinterit board. Rather, FIT AG has invested the €1.1 million so that Sinterit can continue to solidify its foundations within the 3D printer industry and continue to advance its technologies and bring its products to market.
Founded in 2014 in Krakow, Poland, Sinterit has become a recognized name within the scope of SLS 3D printing technologies, turning out impressive yet affordable additive manufacturing products. In 2015, the company won a prize for Best Polish 3D printer, and won the FabCon 3.D Start-up Award in 2016. With the new funding, the company will continue to develop and improve its SLS 3D printer systems.
Carl Fruth, CEO of FIT AG, an additive manufacturing group, commented on the investment, saying, “From time to time, we support startup companies in our ecosystem, when we are convinced that the product idea and management team stand a chance of success. We have done so with Wiivv, and we are now delighted to help Sinterit push their wonderful machines into the world market.”
Sinterit was understandably excited about the new funding source, not only because of the money but also because it establishes a link between them and FIT AG’s 3D printing expertise and technologies. FIT AG, along with its subsidiaries FIT Prototyping GmbH and FIT Production GmbH, offers rapid prototyping services as well as additive design and manufacturing. The company could therefore provide Sinterit with a wealth of 3D printing knowledge and experience.
“We’re extremely proud and excited by the fact that FIT AG has decided to become our business partner,” said Powet Szczurek, CEO of Sinterit. “Their capital but also knowledge and experience in the field of additive manufacturing will definitely help us to expand to the new markets and create new great products for our customers.”
Understandably, for a startup, having the financial and resourceful support of a larger more established company could make all the difference. With FIT AG’s guidance and investment, Sinterit is aiming to improve its products and even expand into new markets.
Posted in 3D Printer Company
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