# Essentium

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/essentium

- Industry: Industrial Machinery
- Headquarters: US
- Website: www.essentium.com
- Total disclosed funding: $24M
- Latest round: Series A (Nov 14, 2018)
- Investors on record: 3

## About

Based in Texas, US, and founded in 2013 by its CEO, Blake Teipel, and CDO, Elisa Teipel, operates as a manufacturer of high-speed extrusion platforms and filaments. In December 2021, Atlantic Coastal Acquisition Corporation, alongside Apeiron Investment Group and Atalaya Capital Management, agreed to acquire Essentium, Inc. The transaction, valued at USD 40 million, resulted in a merger between Essentium, Inc., and SPAC. The company has more than 200 employees across Pflugerville, Waco, Irvine, Shanghai, Singapore, and Western Europe.

Essentium, Inc. manufactures and develops industrial 3D printing solutions across systems, materials, software, and services to enable a new distributed and sustainable manufacturing footprint that bridges the gap between 3D printing and machining. It offers an online platform for buying high-speed extrusion 180 series 3D printing platforms, high-speed extrusion (HSE) 280i HT 3D printing platform, high-speed extrusion (HSE) 240 HT dual extruder 3D printing platform, flashfuse technology, and filament.

The company generates revenue by offering product through its e-commerce platform starting with USD 25.

Essentium, Inc. is expected to be traded on the Nasdaq Stock Market under the ticker symbol "ADTV."

## Funding rounds

- Series A, Nov 14, 2018, $24M — Genesis Park, BASF, Materialise

## Investors

- Genesis Park (https://capitalatlas.ai/funds/genesis-park) — Series A
- BASF (https://capitalatlas.ai/funds/basf) — Series A
- Materialise — Series A