Xometry Announces $50 Million Equity Raise
May 20, 2019
4:01 pm
![Xometry Announces $50 Million Equity Raise](https://i0.wp.com/newscenter.io/wp-content/uploads/2019/05/Screen-Shot-2019-05-29-at-3.57.36-PM.png?fit=994%2C675&ssl=1)
Credit: xometry.com
On-demand manufacturing marketplace Xometry raised $50 million in an equity funding round led by Greenspring Associates. Dell Technologies Capital also participated in the round, along with previous venture and strategic investors BMW i Ventures, Foundry Group, GE Ventures, Highland Capital Partners, Maryland Venture Fund, and Almaz Capital. Xometry has raised a total of $113 million to date.
According to the company, Xometry is the largest marketplace for custom manufacturing, providing on-demand manufacturing and industrial supply materials to a customer base ranging from startups to Fortune 100 companies. The company strives to connect customers through its proprietary AI algorithms.