Dunleer, Co Louth-based manufacturer of ecofriendly 3D printers Mcor Technologies has raised €6.6m in a new equity investment from London and Munich-based WHEB Partners.
“We are experiencing strong demand internationally for our products and this investment from WHEB will allow us to deliver on our exciting sales pipeline and, together with WHEB, build Mcor into a global 3D printing company,” said Dr Conor MacCormack, CEO and co-founder of Mcor Technologies.
“We now have all the ingredients necessary to create a world-beating 3D-printing technology company, with new and innovative products on the horizon.”
MacCormack founded the company in 2005 with his brother Fintan.
Since then, the company has increased revenues by 800pc.
The company’s main customers are architects, print shops, educational institutions, and product design studios.
Retail giant Staples has forged an alliance with Mcor Technologies to launch a 3D-printing service, beginning in the Netherlands. The service will allow students, designers and consumers to print photorealistic 3D items in Staples stores.
“We very much look forward to working together with Mcor to help them capitalise on their impressive growth potential,” says Dr Alexander Domin, the partner at WHEB who led the transaction.
“The 3D-printing market has experienced tremendous growth recently and Mcor is well positioned to take advantage of this trend, thanks to its truly unique technology.”