Replique accelerates its growth by securing a seed extension round
Replique has announce an extension of its seed funding round after its initial funding in May 2023.
Lead investor STS Ventures, renowned for their expertise in early-stage B2B startups, along with all other investors, have increased their financing in Replique. Their continued support reflects their confidence in Replique's growth trajectory and potential, as Stephan Schubert from STS Ventures comments: “We're very optimistic about Replique's future. The strong customer growth and continuous platform extension both by function and region demonstrate the team's commitment and the value they bring to customers. The company converted numerous proof-of-concept projects successfully to serial applications with their customers.”
Also, Markus Bold, Managing Director from Chemovator, the business incubator and early-stage investor of BASF where Replique's journey began, expresses his excitement: “Seeing the progress of our portfolio company Replique is truly remarkable. The commitment and support from the existing investors are invaluable contributors to this success.”
Replique enables companies to shift from a physical to a digital inventory and provide industrial grade parts anywhere worldwide in the right quality, via a secure network of more than 100 production partners. Over the past few months, the company has shown in numerous customer projects the added value that the solution creates for the efficient and flexible manufacturing of spare parts, small series and high-performance parts. Meanwhile world leading companies like Alstom, BASF, Miele, Danfoss, MAN and more than 80 others trust Replique in delivering parts on demand.
From left to right: Max Siebert and Henrike Wonneberger from Replique, Oliver Kaul from STS Ventures, Sven Krüger from chameleon GmbH and Niklas Boehlke from STS Ventures.
With the extended seed funding, Replique will invest in the development of new platform modules to further automate and extend their 3D printing services. Moreover, Replique plans to increase its network of qualified production partners globally to satisfy the strong demand for on-demand manufactured industrial parts. The company further aims to deepen its integration with existing business systems, making it easier for companies of all sizes to leverage the benefits of on-demand 3D printing.
“We are thrilled about the continued trust and further funding from our proven investors,” shares Max Siebert, CEO and Co-founder of Replique. “The great relationship with our investors and their additional resources will enable us to fully focus on our core business. This seed extension enables us to further develop the necessary structures to efficiently handle the increasing number of large orders in the future, ultimately accelerating our growth and delivering even greater value to our customers.”
www.replique.com
