Xometry raises $75M Series E to expand custom manufacturing marketplace
https://techcrunch.com/2020/09/09/xometry-raises-75m-series-e-to-expand-custom-manufacturing-marketplace/
When companies need to find manufacturers to build custom parts, it’s not always an easy process, especially during a pandemic. Xometry, a 7-year old startup based in Maryland has built an online marketplace where companies can find manufacturers across the world with excess capacity to build whatever they need. Today, the company announced a $75 million Series E investment to keep expanding the platform.
T. Rowe Price Associates led the investment with participation from new firms Durable Capital Partners LP and ArrowMark Partners. Previous investors also joined the round including BMW i Ventures, Greenspring Associates, Dell Technologies Capital, Robert Bosch Venture Capital, Foundry Group, Highland Capital Partners and Almaz Capital. Today’s investment brings the total raised to $193 million, according to the company.