# Markforged

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

- Industry: Industrial Machinery
- Headquarters: Waltham, US
- Website: www.markforged.com
- Total disclosed funding: $136M
- Latest round: Series D (Mar 13, 2019)
- Investors on record: 7

## About

Markforged, Inc., based in the US, specializes in industrial additive manufacturing, providing innovative solutions to produce high-strength metal and composite parts across various industries. Founded in 2013 and headquartered in Watertown, US, Markforged, Inc. focuses on additive manufacturing. The company has secured funding through 8 deals, with the latest being a PIPE round on March 24, 2024, raising USD 210.00 mn from investors including Baron Capital and BlackRock. Shai Terem currently serves as the CEO. Markforged specializes in industrial additive manufacturing solutions, offering a platform that integrates software, printers, and materials to produce metal and composite parts. Their flagship products include the FX10™ and Metal X™ systems, which utilize continuous carbon fiber reinforcement to create durable components suitable for various industries. These products are primarily utilized for rapid prototyping, tooling, and custom part production, aiding clients in cost reduction and manufacturing efficiency. Key customers include Danone, Suntory, and Farason Corporation, with offerings marketed mainly in North America, Europe, and Asia, addressing sectors like aerospace and automotive. In 2022, Markforged reported revenue of USD 100.96 mn, with an EBITDA of USD -77.99 mn. The company generates income through direct sales of its 3D printing systems, materials, and software services, targeting manufacturers in a B2B model. Sales involve printers like the X7™ and materials such as Onyx® and stainless-steel filaments, often leading to long-term agreements for continued support and material supplies.On March 24, 2024, Nano Dimension Technologies Ltd. agreed to acquire Markforged, Inc. from its investors, with the integration aimed at enhancing its portfolio with Markforged's advanced manufacturing solutions. This acquisition is expected to facilitate entry into new markets and strengthen the company's market position.

## Funding rounds

- Series D, Mar 13, 2019, $81M — Matrix Partners, Summit Partners, N47, M12, Porsche AG
- Series C, Jul 18, 2017, $30M — N47, M12, Porsche AG
- Series B, Feb 12, 2016, $15M — Matrix Partners, North Bridge Venture Partners, Trinity Ventures
- Series A, May 7, 2014, $8.5M — Matrix Partners, North Bridge Venture Partners
- Seed, Jul 1, 2013, $1.1M — Matrix Partners, North Bridge Venture Partners

## Investors

- Matrix Partners (https://capitalatlas.ai/funds/matrix-partners) — Seed, Series A, Series B, Series D
- North Bridge Venture Partners (https://capitalatlas.ai/funds/north-bridge-venture-partners) — Seed, Series A, Series B
- Trinity Ventures (https://capitalatlas.ai/funds/trinity-ventures) — Series B
- N47 (https://capitalatlas.ai/funds/n47) — Series C, Series D
- M12 (https://capitalatlas.ai/funds/m12) — Series C, Series D
- Porsche AG — Series C, Series D
- Summit Partners (https://capitalatlas.ai/funds/summit-partners) — Series D