TLDR:
- Mantle, a company specializing in metal 3D printing technology for precision tooling, raised $20M in Series C funding.
- The funding round was led by Schooner Capital and included participation from other venture capital firms.
Mantle, a San Francisco-based company, has secured $20M in Series C funding to support its metal 3D printing technology for precision tooling. The funding round, led by Schooner Capital and with contributions from Fine Structure Ventures, Foundation Capital, Corazon Capital, 11.2 Capital, and Build Collective, brings the total funding raised by Mantle to $61.5M. The company, led by CEO Ted Sorom, plans to use the funds to expand its operations and development efforts.
Mantle’s TrueShape™ metal 3D printing technology is focused on simplifying how mold tool components are made, delivering the accuracy, surface finish, and tool steel properties required for demanding tooling applications. The tools produced using Mantle’s technology have been successful in generating millions of parts while simultaneously reducing tooling lead times and costs for businesses.
Overall, Mantle’s Series C funding round signals confidence in the company’s innovative approach to metal 3D printing technology and its potential to revolutionize precision tooling in various industries.
