INSUBCONTINENT EXCLUSIVE:
Xometry, the U.S.-based marketplace for on-demand manufacturing that raised $55 million in Series D funding this summer, has acquired
Munich-based Shift as a path to European expansion.Exact terms of the deal remain undisclosed, although the exit sees at least some of
expansion into 12 new countries, leveraging a now worldwide network of over 4,000 manufacturers
leading manufacturing companies in the region
Now operating as Xometry Europe, the subsidiary will continue to be headquartered in Munich in Germany, an area known for its manufacturing
market of over $100 billion
Over the past two years, the company has grown from 100 employees to over 300 while more than doubling revenue each year
Via its partner manufacturing facilities, the company offers CNC Machining, 3D Printing, Sheet Metal Fabrication, Injection Molding, and
Sources also tell me that the startup had nearly closed a Series A round before Xometry preempted the investment by making an acquisition
