The EEC Magenta fund invested PLN 10 million in Sinterit. The Kraków-based technology company is developing a breakthrough 3D printing technology and thanks to the investment will strengthen its position on the global additive manufacturing market.
Sinterit: Complex 3D Prototypes From A Small Printer
The technology used by Sinterit allows to print complicated, multi-element prototypes in one production session. The high level of precision gives countless possibilities in the industry, limited only by the properties of the materials used. Compared to the competition, Cracovian devices are cost effective, using less powder.
Thanks to the Sinterit solution, access to 3D SLS printers is now available to smaller companies, not to the largest organizations. Additionally, due to the small size of the equipment and ease of use, the Sinterit product revolutionizes the prototyping process itself, making it possible to work in office conditions.
– We welcome Sinterit with enthusiasm to the EEC Magenta family of portfolio companies. Sinterit has groundbreaking 3D printing technology and is one of the few Polish companies to achieve success in international markets at such an early stage. Subsequent conversations with the founders and management of Sinterit confirmed our conviction that it is a team that has the knowledge, skills and motivation to create a global company. We believe this investment is a classic example of a smart-money investment. EEC Magenta’s contacts with the industrial leaders of 3D printing in Europe, Asia and the United States will allow us to create together a company fighting for the position of a global leader in this industry,” said Voytek Siewierski, EEC Magenta Partner and Member of the Supervisory Board of Sinterit.
Sinterit wants to use the acquired funds for further product development, equipment and completion of the new production hall as well as for marketing and sales development.
You can read more about Sinterit’s investment here: