{"id":176951,"date":"2020-11-20T09:25:45","date_gmt":"2020-11-20T09:25:45","guid":{"rendered":"http:\/\/facfox.com\/news\/?p=176951"},"modified":"2020-11-20T09:25:45","modified_gmt":"2020-11-20T09:25:45","slug":"3yourmind-closes-5-5-million-funding-round-led-by-enbw-new-ventures","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/3yourmind-closes-5-5-million-funding-round-led-by-enbw-new-ventures\/","title":{"rendered":"3YOURMIND Closes $5.5 Million Funding Round Led by EnBW New Ventures"},"content":{"rendered":"

3YOURMIND, a provider of enterprise software for automating additive manufacturing workflows, has secured a $5.5 million investment through a Series A+ funding round led by EnBW New Ventures (ENV), the venture arm of EnBW AG, one of the largest utilities companies in Germany. The financing round also saw additional contributions from existing investors UVC Part<\/a>ners, TRUMPF Venture.<\/p>\n

The $5.5 million raised will enable 3YOURMIND to continue its growth in the aerospace<\/a>, automotive<\/a> and engineering sectors, among others, and to strengthen its position in the energy<\/a> industry and infrastructure maintenance area. Presently, the software provider has contracts with over 50 enterprise customers across these various industries, all of whom are using its AM workflow program to streamline their AM production.<\/p>\n

\u201cThe current macro situation forces companies to focus on supply chain resilience,\u201d explained Aleksander Ciszek, Co-Founder and CEO of 3YOURMIND. \u201cOur customers benefit from the distributed manufacturing software we are providing as the increased flexibility in their supply networks secures and generates value. We are happy that ENV and our existing investors support that vision.\u201d<\/p>\n

<\/p>\n

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3YOURMIND will also leverage the hefty investment to broaden its global reach: presently, the company has operations in Europe and the United States, but it plans to expand into other regions (as well as expand within the US and EU).<\/p>\n

EnBW, the key investor in this funding round, is exploiting additive manufacturing for maintenance application<\/a>s. The company operates power plants across Germany and Europe, all of which have different types and ages of equipment, and thus often requires spare part<\/a>s for outdated equipment that can be challenging to source. AM has provided a solution to this supply chain hurdle.<\/p>\n

Crispin Leick, Managing Director at ENV, said: \u201cThe promise of Industry 4.0 relies on Additive Manufacturing. The 3YOURMIND offering enables companies to easily implement AM into their production process which supports the sustainability of many manufacturing and MRO (Maintenance, Repair, & Operations) application<\/a>s. We are excited to invest in 3YOURMIND, a company that is shaping the future of manufacturing.\u201d<\/p>\n

Broadly speaking, the investment signals 3YOURMIND\u2019s continued growth; like several other companies in the AM industry, the company has experienced a successful financing round even in the precarious economic state caused by COVID-19. \u201cEven during these unprecedented times, we expect to double our annual sales for the third straight year,\u201d explained Stephan K\u00fchr, 3YOURMIND CEO in charge of revenue and growth. \u201cThis investment by ENV and our existing investors UVC Part<\/a>ners, AM Ventures, TRUMPF Venture and coparion will enable us to strengthen our expansion efforts in Europe and North America.\u201d<\/p>\n

3YOURMIND was originally funded through EOS\u2019 AM Ventures program and last year it was awarded \u20ac1.3 million in Pro FIT funding from the investment bank of Berlin, co-financed by the European Regional Development Fund (ERDF).<\/p>\n

<\/div>\n

* This article is reprinted from 3D Printing Media Network<\/a>. If you are involved in infringement, please contact us to delete it.<\/p>\n

<\/i> Author: Tess Boissonneault<\/p>\n","protected":false},"excerpt":{"rendered":"

3YOURMIND, a provider of enterprise software for automating additive manufacturing workflows, has secured a $5.5 million investment through a Series A+ funding round led by EnBW New Ventures (ENV), the venture arm of EnBW AG, one of the largest utilities companies in Germany. The financing round also saw additional contributions from existing investors UVC Partners, TRUMPF Venture, coparion and AM Ventures.<\/p>\n","protected":false},"author":3,"featured_media":184353,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"fifu_image_url":"https:\/\/facfox-upload.oss-us-east-1.aliyuncs.com\/image\/2020\/11\/JNbIva.png","fifu_image_alt":"3YOURMIND Closes $5.5 Million Funding Round Led by EnBW New Ventures","footnotes":""},"categories":[47],"tags":[201,3036,220],"class_list":["post-176951","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-3d-modeling","tag-funding","tag-software"],"yoast_head":"\n3YOURMIND Closes $5.5 Million Funding Round Led by EnBW New Ventures - FacFox News<\/title>\n<meta name=\"description\" content=\"3YOURMIND has secured a $5.5 million investment through a Series A+ funding round led by EnBW New Ventures (ENV).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/facfox.com\/news\/3yourmind-closes-5-5-million-funding-round-led-by-enbw-new-ventures\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3YOURMIND Closes $5.5 Million Funding Round Led by EnBW New Ventures\" \/>\n<meta property=\"og:description\" content=\"3YOURMIND has secured a $5.5 million investment through a Series A+ funding round led by EnBW New Ventures (ENV).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/facfox.com\/news\/3yourmind-closes-5-5-million-funding-round-led-by-enbw-new-ventures\/\" \/>\n<meta property=\"og:site_name\" content=\"FacFox News\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-20T09:25:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/facfox-upload.oss-us-east-1.aliyuncs.com\/image\/2020\/11\/JNbIva.png\" \/>\n<meta name=\"author\" content=\"Vera\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/facfox-upload.oss-us-east-1.aliyuncs.com\/image\/2020\/11\/JNbIva.png\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Vera\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/facfox.com\/news\/3yourmind-closes-5-5-million-funding-round-led-by-enbw-new-ventures\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/facfox.com\/news\/3yourmind-closes-5-5-million-funding-round-led-by-enbw-new-ventures\/\"},\"author\":{\"name\":\"Vera\",\"@id\":\"https:\/\/facfox.com\/news\/#\/schema\/person\/7b701aad2d8f434034fcecd2c50a570c\"},\"headline\":\"3YOURMIND Closes $5.5 Million Funding Round Led by EnBW New Ventures\",\"datePublished\":\"2020-11-20T09:25:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/facfox.com\/news\/3yourmind-closes-5-5-million-funding-round-led-by-enbw-new-ventures\/\"},\"wordCount\":507,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/facfox.com\/news\/#organization\"},\"image\":{\"@id\":\"https:\/\/facfox.com\/news\/3yourmind-closes-5-5-million-funding-round-led-by-enbw-new-ventures\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/facfox-upload.oss-us-east-1.aliyuncs.com\/image\/2020\/11\/JNbIva.png\",\"keywords\":[\"3D modeling\",\"funding\",\"software\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/facfox.com\/news\/3yourmind-closes-5-5-million-funding-round-led-by-enbw-new-ventures\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/facfox.com\/news\/3yourmind-closes-5-5-million-funding-round-led-by-enbw-new-ventures\/\",\"url\":\"https:\/\/facfox.com\/news\/3yourmind-closes-5-5-million-funding-round-led-by-enbw-new-ventures\/\",\"name\":\"3YOURMIND Closes $5.5 Million Funding Round Led by EnBW New Ventures - 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