Markforged raises $82M Series D from Summit Partners, Microsoft, Porsche and Siemens

3ders.org | 3/20/2019 | Staff
iloveangie02 (Posted by) Level 3
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Markforged, a Watertown, MA-based manufacturer of industrial 3D printers, closed an $82m Series D round of funding. The round was led by Summit Partners, an investment firm that closed a $4.9 million growth equity fund in March this year. Existing investors including Matrix Partners, Microsoft Ventures M12, Porsche SE and Siemens next47 also participated in the round, bringing the company’s total funding to $137M.

In conjunction with the funding, Michael Medici, a Managing Director at Summit Partners, has joined Markforged’s Board of Directors.

Company - Funds - Product - Roadmap - Introduction

The company intends to use the funds to accelerate its product roadmap, including the introduction of mass production printers and new materials. It plans to add a regional headquarters in Asia this year, as well as double its global headcount in engineering. In Boston, Markforged will add 200 jobs to its existing employee base of 230. The company also...
(Excerpt) Read more at: 3ders.org
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