Sinterit, the Polish 3D printing company, has raised €1.1 million in a rights issue funded by Germany’s FIT AG. FIT AG are, “a leading German provider of rapid prototyping services and additive design and manufacturing,” and based in Lupburg near Munich.
Cost effective 3D printers
Founded in 2014, Sinterit are headquartered in Kraków, Poland. The 3D printing company is focused on the development SLS 3D printers and has a, “mission to provide professional and cost-effective 3d printers in Laser Sintering technology.”
The new funds will be used to open additional markets for the Sinterit LISA 3D printer.
As we previously reported the LISA can 3D print with PA12 Nylon powder and TPU-based material. While the footprint of this SLS 3D printer is certainly desktop, the price point of over $10,000 still places this machine in the enterprise user category.
Although the precise details of the deal have not yet been disclosed we understand that Sinterit will continue to trade as an independent company. Furthermore, FIT AG have not taken a position on the board of the Polish company.
Company CEO’s comment
Commenting on today’s news, Carl Fruth, CEO of FIT AG said,
From time to time, we support startup companies in our ecosystem, when we are convinced that the product idea and the management team stand a chance of success. We have done so with Wiivv, and we are now delighted to help Sinterit push their wonderful machines into the world market.
Adding to this Paweł Szczurek, CEO of Sinterit said,
We’re extremely proud and excited by the fact that FIT AG has decided to become our business partner. Their capital but also knowledge and experience in the field of additive manufacturing will definitely help us to expand to the new markets and create new great products for our customers.
FIT AG have approximately 250 employees and together with subsidiaries FIT Prototyping GmbH and FIT Production GmbH generated revenue of €24 million in 2016.