FinTechFunding

Xometry: Raises $75M in Equity Funding

  • Xometry, a Gaithersburg, Md.-based on-demand manufacturing marketplace, completed an $75M equity funding
  • The round was led by funds and accounts advised by T. Rowe Price Associates, Inc
  • Following a $55M Series D in 2019, this new funding round brings Xometry to $193M in total funding since its founding in 2013
  • Then the company intends to use the funds to accelerate business growth through investments in its software platform, new products, and other initiatives
  • Xometry also announced that Jim Rallo has joined the company as Chief Financial Officer
  • Xometry acquired Munich-based Shift in December 2019 as part of its global expansion strategy
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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