UpNano, based in Vienna, is a company known for its high-resolution 3D printers. It has recently gained significant momentum by securing €7 million in Series A funding. The investment round was led by aws Gründungsfonds, Novacapital, and IGO Innovation, with existing investor ILUM Tec also participating. This funding positions UpNano to further enhance its capabilities in the competitive 2-photon polymerisation (2PP) 3D printing market, a technology noted for its high precision and versatility.
Reflecting on past developments, UpNano’s rapid progress from university research to a market-ready product highlights its early recognition in the industry. Previously, the company has focused on developing systems that utilize 2PP technology, enabling the precise creation of intricate micro and nanoscale structures. This has set the stage for current expansions and increased market reach.
How will the funds be used?
The newly acquired capital will support UpNano in launching its next-generation 2PP 3D printers, while also expanding the market presence of its existing NanoOne series. These advancements aim to strengthen UpNano’s global footprint. The company intends to capitalize on this opportunity to enhance its position as a leader in high-performance 2PP 3D printing.
What sets UpNano’s technology apart?
UpNano’s 3D printers are distinguished by their ability to produce high-resolution prints at speeds unmatched by conventional methods. Utilizing 2PP technology, the systems offer resolutions below 0.2 micrometres, enabling the production of complex shapes and innovative designs. The technology’s relevance extends to fields such as medicine, electronics, and optical devices, suggesting significant industrial impacts.
The company is not just about technology but also about strategic partnerships. The involvement of investors like IGO Innovation and Novacapital brings not only financial support but also strategic guidance.
“Now, at a stage where industry is beginning to integrate this powerful technology into their production processes, we believe it is the right time to provide UpNano with a solid financial position for further market penetration,”
said Iris Ortner, CEO of IGO Innovation.
Investors like aws Gründungsfonds play a crucial role in supporting startups through their growth phases.
“With our investment in UpNano, we are pleased to be part of one of Austria’s most innovative companies,”
said Markus Jandrinitsch, MD at aws Gründungsfonds. Such backing is vital for companies like UpNano to scale effectively and maintain their competitive edge.
UpNano’s upcoming participation at international events, such as formnext in Germany, showcases its commitment to global market engagement. These platforms allow the company to demonstrate its technological advancements and foster industry connections, further solidifying its market position. The potential applications of their technology in various fields underline the wide-ranging impact of their innovations.
The €7 million investment marks a significant step for UpNano, suggesting a promising future for their high-resolution 3D printing solutions. As they prepare to launch new products and expand their market reach, the company is positioned to influence the 2PP 3D printing sector significantly. The sustained interest from investors indicates confidence in UpNano’s technology and potential for industrial growth.
