Founded
31 Dec 2015
Address
Desktop Metal Inc
29 Hartwell Avenue
Lexington, MA 02421
United States
Phone
Website
Business classification
Tags
VCID: 470483
Profile
Corporate information
Official name
Desktop Metal Inc
Registration country
Official identities
US CIK 0001656886
Investment activity status
Active investor
Company type
Metal and carbon fiber 3D printing for engineers, designers, and manufacturers.Overview
Desktop Metal, Inc. was founded in 2015 by a team of seven including Ric Fulop, Chris Schuh and John Hart representing leaders in advanced manufacturing, metallurgy, and robotics. Headquartered in Burlington, Massachusetts, the company is addressing unmet challenges of speed, cost, and quality to make 3D printing an essential tool for engineers and manufacturers around the world. The company has developed solutions for every stage of the manufacturing process - from prototyping and pilot runs to mass production and aftermarket parts – to reinvent the way engineering teams produce metal and composite parts across a wide range of applications and industries. In August 2020, the company announced a going-public transaction through a reverse merger with a SPAC which was completed the following December.
Funding
Funding rounds
(31 Dec 2020)
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
Sahsen Ventures | United States | Initial investment. Round participant. |
Series E USD 160,000,000
USD 160,000,000 (23 Jan 2019) at USD 1,300,000,000 valuation.
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
Koch Industries Inc | United States | Led the round. |
Series D USD 65,000,000
USD 65,000,000 (14 Dec 2017) Change in valuation: unknown
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
Ford Motor Co | United States | Initial investment. Led the round. | |
|
|
Future Fund | Australian sovereign wealth fund. | Australia | Initial investment. Round participant. |
Series D USD 115,000,000
USD 115,000,000 (17 Jul 2017) at USD 885,000,000 valuation.
The Series D round included significant new investment from New Enterprise Associates (NEA), GV (formerly Google Ventures), GE Ventures, Future Fund and Techtronic Industries (TTI), a leader in quality consumer, professional and industrial products, inclu
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
New Enterprise Associates Inc | Global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. | United States | Follow-on investment. Led the round. |
|
DCVC Management Co LLC | Venture capital firm that invests in companies that are driving the big data and deep compute secular trend. | United States | Initial investment. Round participant. |
|
|
Future Fund | Australian sovereign wealth fund. | Australia | Initial investment. Round participant. |
|
GE Ventures | The corporate venture capital arm of GE. | United States | Initial investment. Round participant. |
|
Kleiner Perkins Caufield & Byers LLC | Venture capital firm. | United States | Initial investment. Round participant. |
|
|
Lowe's Home Improvement | Initial investment. Round participant. | ||
|
Lux Capital Management LLC | Research-driven investment firm focused on founding, seed and early stage investments in the physical and life sciences | United States | Initial investment. Round participant. |
|
|
Moonrise Venture Partners | Initial investment. Round participant. | ||
|
Saudi Aramco | The state owned oil company of the Kingdom of Saudi Arabia. | Saudi Arabia | Initial investment. Round participant. |
|
|
Shenzhen Capital Group Co Ltd | China | Initial investment. Round participant. | |
|
|
Techtronic Industries | Initial investment. Round participant. | ||
|
|
Tyche Partners | Initial investment. Round participant. | ||
|
Vertex Venture Management Pte Ltd | Singapore | Initial investment. Round participant. | |
|
GV. | The venture capital arm of Alphabet Inc. (Formerly Google Ventures.) | United States | Follow-on investment. Round participant. |
Series C USD 45,000,000
USD 45,000,000 (6 Feb 2017) at USD 305,000,000 valuation.
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
|
GV. | The venture capital arm of Alphabet Inc. (Formerly Google Ventures.) | United States | Initial investment. Led the round. |
|
BMW i Ventures | The venture capital arm of BMW investing in hardware, software, and services across manufacturing, transportation, and sustainability. | United States | Initial investment. Round participant. |
|
Lowe's Ventures | United States | Initial investment. Round participant. | |
|
|
Tyche Partners | Initial investment. Round participant. |
Series B USD 4,000,000
USD 4,000,000 (5 Jul 2016)
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
|
GE Ventures | The corporate venture capital arm of GE. | United States | Led the round. |
|
|
Saudi Aramco Energy Ventures | Led the round. |
Series B USD 33,760,800
USD 33,760,800 (25 Apr 2016)
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
|
DCVC Management Co LLC | Venture capital firm that invests in companies that are driving the big data and deep compute secular trend. | United States | |
|
|
Kleiner Perkins Caufield & Byers LLC | Venture capital firm. | United States | |
|
|
Lux Capital Management LLC | Research-driven investment firm focused on founding, seed and early stage investments in the physical and life sciences | United States | |
|
|
New Enterprise Associates Inc | Global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. | United States | |
|
Stratasys Inc | 3D printing solutions company. | United States |
Series A USD 14,000,000
USD 14,000,000 (27 Oct 2015)
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
Bolt Innovation Management LLC | Venture fund that invests in early-stage startups at the intersection of hardware and software. | United States | |
|
|
DCVC Management Co LLC | Venture capital firm that invests in companies that are driving the big data and deep compute secular trend. | United States | |
|
Founder Collective | Seed-stage venture capital fund | United States | |
|
|
Kleiner Perkins Caufield & Byers LLC | Venture capital firm. | United States | |
|
|
Lux Capital Management LLC | Research-driven investment firm focused on founding, seed and early stage investments in the physical and life sciences | United States | |
![[node:title] photo](/sites/default/files/styles/icon/public/default_images/icon-person.png?itok=8SSzz6Wf "[node:title] photo"){kind=icon}
|
Mike Volpe | |||
|
|
New Enterprise Associates Inc | Global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. | United States | |
|
|
Wayne Chang |
Cap Table
Current and past shareholders
| Investor | Contacts | Round | |
|---|---|---|---|
|
|
BMW i Ventures The venture capital arm of BMW investing in hardware, software, and services across manufacturing, transportation, and sustainability. |
Series C | |
|
|
Bolt Innovation Management LLC Venture fund that invests in early-stage startups at the intersection of hardware and software. |
Series A | |
|
|
DCVC Management Co LLC Venture capital firm that invests in companies that are driving the big data and deep compute secular trend. |
Series A Series B Series D |
|
|
|
Ford Motor Co |
+1 (313) 322-3000 |
Series D |
|
|
Founder Collective Seed-stage venture capital fund |
Series A | |
|
|
Future Fund Australian sovereign wealth fund. |
Series D | |
|
|
GE Ventures The corporate venture capital arm of GE. |
+1 (650) 233-3900 |
Series B Series D |
|
|
GV. The venture capital arm of Alphabet Inc. (Formerly Google Ventures.) |
Series C Series D |
|
|
|
Kleiner Perkins Caufield & Byers LLC Venture capital firm. |
+1 (650) 233-2750 |
Series A Series B Series D |
|
|
Koch Industries Inc |
+1 (316) 828-5500 |
Series E |
|
|
Lowe's Home Improvement |
Series D | |
|
|
Lowe's Ventures |
Series C | |
|
|
Lux Capital Management LLC Research-driven investment firm focused on founding, seed and early stage investments in the physical and life sciences |
+1 (646) 475-4385 |
Series A Series B Series D |
|
|
Mike Volpe |
Series A | |
|
|
Moonrise Venture Partners |
Series D | |
|
|
New Enterprise Associates Inc Global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. |
+1 (650) 854-9499 |
Series A Series B Series D |
|
Riot Ventures |
N/A | |
|
|
Sahsen Ventures |
N/A (exited) | |
|
|
Saudi Aramco The state owned oil company of the Kingdom of Saudi Arabia. |
Series D | |
|
|
Saudi Aramco Energy Ventures |
Series B | |
|
|
Shenzhen Capital Group Co Ltd |
+86 (755) 8291-2888 |
Series D |
|
|
Stratasys Inc 3D printing solutions company. |
Series B | |
|
|
Techtronic Industries |
Series D | |
|
|
Tyche Partners |
Series C Series D |
|
|
|
Vertex Venture Management Pte Ltd |
Series D |