SpectroPlast secures CHF1.5m seed financing led by AM Ventures

– SWITZERLAND, Zurich –  SpectroPlast today announced that it has secured 1.5 million Swiss francs in seed financing from the Munich-based strategic investor AM Ventures (AMV). Founded in 2018 as a spin-off of the Federal Institute of Technology (ETH) in Zurich, SpectroPlast manufactures customized silicone products for the healthcare sector.

Manuel Schaffner said: “As an emerging industry, we are just starting to understand how powerful 3D Printing of functional products will become when it is combined with the massive potential offered by industrial-scale production. Having the financial support and domain expertise of AMV will help us execute our mission even more rapidly and broadly.”

The investment will allow SpectroPlast to scale up its silicone 3D printing service for products such as patient-specific, customized hearing aids and dental implants, as well as ear protection, orthopedic insoles and ergonomic cushions.

“The traction in the market is shown by our growing customer base. It is our defined mission to become the world’s leading provider of customized Silicone products. This will impact many industries around the globe,” Manuel Schaffner added.

Spectroplast AG was incorporated in September 2018. In less than a year, the company’s innovation in Silicone 3D Printing has already been acknowledged by the community and counts the CES Asia Innovation Award among its recognitions.

According to Johann Oberhofer, CTO at AMV, “SpectroPlast’s introduction of silicones to the world of additive manufacturing is well-timed with a rapidly growing demand for customized Silicone products observed not only in the healthcare sector but also in many other markets”.

About Spectroplast

Spectroplast is an award-winning Spinoff from the renowned Swiss Federal Institute of Technology. The team has successfully bridged the gap between cutting-edge research and technology transfer to meet a longstanding demand on the market: Silicone 3D Printing

Spectroplast has the competence to materialize your silicone designs with our cutting-edge 3D printing process. With technology, any industry-standard silicone can be 3D printed with the highest precision – cutting costs and time. We believe that 3D printing has the potential to shift focus from rapid prototyping to mass customization of functional products. With the world’s first SLA silicone printing technology, we expand the range of printable materials from rigid to stretchable materials. Our vision is to bring industrial scale silicone 3D printing to the mass market.

For more,spectroplast.com

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