Xometry, the largest on-demand manufacturing marketplace, today announced that it has completed an $75MM equity round, led by funds and accounts advised by T. Rowe Price Associates, Inc. Durable Capital Partners LP and ArrowMark Partners also participated in the round, along with previous venture and strategic investors BMW i Ventures, Greenspring Associates, Dell Technologies Capital, Robert Bosch Venture Capital, Foundry Group, Highland Capital Partners, and Almaz Capital. Following a $55MM Series D in 2019, this new funding round brings Xometry to $193MM in total funding since its founding in 2013.
Xometry created a proprietary software platform to enable product designers and engineers to instantly access the capacity of a network of manufacturing facilities. Their platform makes it possible for customers to receive instant pricing, expected lead times and manufacturability feedback. At the push of a button, the network is able to deliver high quality parts at consistently fast lead times while offering very low prices. Customers can now also get quotes from shops directly through our new Digital RFQ Marketplace.
They make it easy for all customers — from startups to Fortune 100 companies — to access manufacturing on demand by providing the most efficient way to source high-quality custom parts. They’re dedicated to providing an innovative way for customers to easily work with a broad network of manufacturing facilities.