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
Previous article
Surefire Local: Raises $3M in Funding
Next article
Giesecke+Devrient: Partners with Netcetera
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.

You May Also Like

FinTech

UK Banks to Gain Access to Anthropic Cybersecurity Model Next Week

New collaboration enhances cybersecurity for UK banking institutions.Highlights: UK banks set to access Anthropic's cybersecurity model soon.Collaboration aims...
FinTech

ABN AMRO Expands Access to Crypto Investments

The bank now offers clients direct access to cryptocurrency.Highlights: ABN AMRO now allows clients to invest in cryptocurrency...
FinTech

UniCredit Strengthens Investment in Blockinvest with $4 Million Funding

The Italian bank targets innovation in blockchain technology through this investment.Highlights: UniCredit invests $4 million in Blockinvest to...
FinTech

DTCC Strengthens Operations by Moving to Public Cloud with AWS and Microsoft

The Depository Trust & Clearing Corporation embraces cloud technology for enhanced services.Highlights: DTCC announces shift to public cloud...