German asset manager KGAL has joined forces with AM Ventures to launch a €100m venture capital fund dedicated to industrial 3D printing, the two groups have announced.
The initial closing, which has also involved AM major shareholders the Langer Group, brings the fund close to 50% of the targeted commitment.
The newly formed fund, which has an expected final close in spring 2022, will serve to strengthen the support for seed and early growth stage hardware, software and materials, as well as applications startups in industrial 3D printing globally.
KGAL’s chief investment officer, Dr Klaus Wolf, said: ‘This is a perfect match. The expertise of AM Ventures and KGAL ideally complement each other.
‘AM Ventures, through their shareholder base, bring in-depth knowledge of industrial 3D printing thanks to their long commercial presence in this field; KGAL in turn has a proven track record in access to investors.
‘Additive Manufacturing offers impressive potential to produce industrial goods in a resource effective and sustainable way. Through this joint venture we are laying the foundations for a long-term partnership and for further funds in a strong growth market.’
The closing of this one-of-a-kind investment fund represents a strong signal for investors looking to benefit from the strong dynamic in advanced manufacturing M&A, KGAL said.
Besides the Langer Group, KGAL and AM’s major shareholders, multiple high net-worth individuals and experienced entrepreneurs have joined the fund as limited partners.