xolo GmbH
From left: Dirk Radzinski (CEO, xolo), Prof. Stefan Hecht (CSO, xolo), Frank Carsten Herzog (HZG Group), Dr. Elisabeth Schrey (DeepTech & Climate Fonds), Dr. Anna Christmann (Bundesministerium Wirtschaft und Klimaschutz), Tobias Faupel (DeepTech & Climate Fonds)
Berlin-based 3D printing start-up xolo GmbH has raised 8 million EUR in a Series A financing round with HZG Group among the investors.
The DeepTech & Climate Fonds (DTCF), Onsight Ventures, and current investor SquareOne have also participated in the Series A round. This investment supports xolo’s vision to ‘transform’ the 3D printing industry through the use of its Xolography process.
Xolography is a volumetric printing process that is fast and produces ‘very smooth’ surfaces according to xolo. The company also says that it makes use of materials that could not be previously used for 3D printing.
The aim of the company is to achieve a breakthrough with the novel technology and open up new fields of application for 3D printing, for example in medical technology for the reproduction of organs or in the optical industry for the production of high-precision lenses.
The printing process was developed at the Technology Park Berlin Adlershof by xolo founders Prof. Dr. Martin Regehly, Prof. Dr. Stefan Hecht and Dirk Radzinksi. Xolography is put into use with the Xube 3D printer. The process is a volumetric printing method based on a cuvette with liquid resin continuously moving through a light sheet, into which additional light projection is focused.
By enriching the liquid resin with photoactive specialty chemicals developed by xolo, the final product is produced within a very short time and with smooth surfaces, according to the company.
Dirk Radzinksi, xolo Co-Founder and CEO, said: “Xolography represents a fundamental shift in the 3D printing industry. From hardware to materials, everything is being rethought. Our investors understand the importance of this paradigm shift and support us with their financial strength, expertise and network towards making it a success.”
Frank Carsten Herzog, managing partner of the HZG Group, who was recently a guest on the TCT Additive Insight podcast, added: “Xolography significantly improves the resolution and volume generation rate of previous processes. This means that in the future, the process will be able to produce large numbers of highly detailed objects in a short time, the economic potential is enormous.”
xolo GmbH
xolo Xube
The DTCF focuses its investments on the capital-intensive growth phase of companies, with the aim to develop technology champions of the future of tomorrow. With its first investment, the DeepTech & Climate Fonds aims to enable the transition of xolo’s technology to industrial scale use according to the company.
Tobias Faupel, Co-Managing Director of DTCF said: “xolo has all the prerequisites to become a future market leader in the field of 3D printing. We are pleased to support this development together with HZG, Onsight ventures and SquareOne.”
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