# Desktop Metal

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/desktop-metal

- Industry: Industrial Machinery
- Headquarters: Burlington, US
- Website: www.desktopmetal.com
- Total disclosed funding: $410M
- Latest round: Series E (Jan 14, 2019)
- Investors on record: 22

## About

Founded in 2015 by Ric Fulop, and based in Massachusetts, US, Desktop Metal, Inc., formerly Desktop Metal Operating, Inc. develops 3D printing machines and software that are capable of producing prototypes or mass-producing metal parts made from aluminum and titanium. In December 2020, the firm merged with Trine Acquisition Corp., a special purpose acquisition company for USD 300 million in cash. As part of the transaction, Baron Capital, HPS Investment Partners, Miller Value Partners, and XN Ventures invested USD 275 million in a PIPE deal. Following the transaction, the merged entity started operating under the name Desktop Metal, Inc. and got listed in the New York Stock Exchange under the ticker symbol, DM.

The company offers a portfolio of integrated additive manufacturing solutions for engineers, designers, and manufacturers comprised of hardware, software, materials, and services. The products include Production System™ designed to 3D print metal parts at scale faster. Shop System, a metal binder jetting system designed for machine and metal job shops; Fiber, a desktop 3D printer to fabricate high-resolution parts; Studio System™ 2 designed to print metal parts. The company's software Live Parts™ allows users to take control of the modeling process.

## Funding rounds

- Series E, Jan 14, 2019, $160M — Kleiner Perkins, New Enterprise Associates, Lux Capital, GV, Panasonic, Riot Ventures, Techtronic Industries Co. Ltd., Koch Disruptive Technologies
- Series D, Jun 29, 2017, $115M — Kleiner Perkins, New Enterprise Associates, Future Fund, Lux Capital, GV, Lowe's Companies Ventures, DCVC, Aramco Ventures, Vertex Ventures, Tyche Partners, GE Ventures, Moonrise Capital, Techtronic Industries Co. Ltd., Shenzhen Capital Real Estate Fund
- Series C, Nov 10, 2016, $45M — GV, BMW i Ventures, Lowe's Companies Ventures
- Series B, Jul 5, 2016, $38M — GE Capital, Equity, Kleiner Perkins, New Enterprise Associates, Lux Capital, Stratasys Ltd., Aramco Ventures
- Series B, May 26, 2016, $4.2M — Aramco Ventures, GE Ventures
- Series B, Apr 11, 2016, $34M — Kleiner Perkins, New Enterprise Associates, Lux Capital, Stratasys Ltd., Founder Collective, DCVC, Aramco Ventures, Bolt, GE Ventures
- Series A, Oct 20, 2015, $14M — Kleiner Perkins, New Enterprise Associates, Lux Capital, Stratasys Ltd., Founder Collective, DCVC, Bolt

## Investors

- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series A, Series B, Series D, Series E
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series A, Series B, Series D, Series E
- Lux Capital (https://capitalatlas.ai/funds/lux-capital) — Series A, Series B, Series D, Series E
- Stratasys Ltd. — Series A, Series B
- Founder Collective (https://capitalatlas.ai/funds/founder-collective) — Series A, Series B
- DCVC (https://capitalatlas.ai/funds/dcvc) — Series A, Series B, Series D
- Bolt (https://capitalatlas.ai/funds/bolt) — Series A, Series B
- Aramco Ventures (https://capitalatlas.ai/funds/aramco-ventures) — Series B, Series D
- GE Ventures — Series B, Series D
- GE Capital, Equity (https://capitalatlas.ai/funds/ge-capital-equity) — Series B
- GV (https://capitalatlas.ai/funds/gv) — Series C, Series D, Series E
- BMW i Ventures (https://capitalatlas.ai/funds/bmw-i-ventures) — Series C
- Lowe's Companies Ventures (https://capitalatlas.ai/funds/lowe-s-companies-ventures) — Series C, Series D
- Future Fund — Series D
- Vertex Ventures (https://capitalatlas.ai/funds/vertex-ventures) — Series D
- Tyche Partners (https://capitalatlas.ai/funds/tyche-partners) — Series D
- Moonrise Capital (https://capitalatlas.ai/funds/moonrise-capital) — Series D
- Techtronic Industries Co. Ltd. — Series D, Series E
- Shenzhen Capital Real Estate Fund (https://capitalatlas.ai/funds/shenzhen-capital-real-estate-fund) — Series D
- Panasonic — Series E
- Riot Ventures (https://capitalatlas.ai/funds/riot-ventures) — Series E
- Koch Disruptive Technologies (https://capitalatlas.ai/funds/koch-disruptive-technologies) — Series E