Bayonne, France-based Lynxter, a manufacturer of one-of-a-kind industrial 3D printing machines, announced on Tuesday, May 2, that it has raised €4M in a Series A round of funding.
Existing investors, and new partners Etchart group, NACO (advised by M/capital), Pyrénées Gascogne Développement, and HERRIKOA, participated in the funding round.
Fund utilisation
The French company says it intends to use the funds to:
- Export its innovations to additional countries
- Consolidate its leadership position in elastomer (silicone) 3D printing
- Strengthen its team by hiring ten team members in 2023
- Continue innovation, preserving and enhancing its research-based identity
The announcement comes four years after raising €1.5M in a Seed round of funding in 2019.
The first fundraising allowed Lynxter to develop its R&D laboratory and begin marketing its first generation of 3D printers.
Lynxter: Additive manufacturing machine tools manufacturer
Founded in 2016 by three students from the National School of Engineers of Tarbes – Thomas Batigne, Julien Duhalde, and Karim Sinno – Lynxter was born in a garage..
The startup offers industry 4.0 open additive manufacturing machine tools to industries (aerospace, biomedical, etc.), education, and communities (technological platforms and fablabs).
Lynxter designed the first modular industrial 3D printing machine, the S600D. Since its first funding, Lynxter claims to have multiplied its market with other large companies such as Schneider, Sanofi, and Renault.
The company has also expanded its ecosystem, in particular with the marketing of its new machine, the S300X, entirely dedicated to silicone printing, and with the launch of its range of materials.
The technology offered by the company aims to boost design and innovation to offer agile and flexible means of production while optimising resources, both human and material
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