Series A+ for 3YOURMIND with lead investor EnBW New Ventures

Garching b. Munich — 3YOURMIND, a leading provi­der of soft­ware solu­ti­ons for addi­tive manu­fac­tu­ring (indus­trial 3D prin­ting), today announ­ced the successful closing of a new finan­cing round. The Series A+ is led by EnBW New Ventures (ENV), the venture capi­tal subsi­diary of EnBW, one of Europe’s largest energy and infra­struc­ture opera­tors. ENV and exis­ting inves­tors UVC Part­ners, AM Ventures, TRUMPF Venture and copa­rion are inves­t­ing a total of EUR 4.7 million in the Berlin-based soft­ware company. The current invest­ment round will not only acce­le­rate 3YOURMIND’s further growth in key indus­tries such as aero­space, auto­mo­tive and engi­nee­ring, but will also streng­then its posi­tion in the energy sector and infra­struc­ture. Today, 3YOURMIND custo­mers alre­ady include more than 50 compa­nies from nume­rous count­ries — with the soft­ware suite ensu­ring the smooth 3D prin­ting of seve­ral compon­ents every day.

3YOURMIND’s work­flow soft­ware is at the heart of manu­fac­tu­ring compa­nies that rely on addi­tive manu­fac­tu­ring. This enables them to opti­mize their value chain, save up to 40 percent in costs, and achieve up to 18 percent shorter lead times compared with conven­tio­nal manu­fac­tu­ring. In addi­tion, indus­trial users are put in a posi­tion to help deter­mine the next gene­ra­tion of manu­fac­tu­ring at an early stage and use it for their own bene­fit. The work­flow soft­ware from 3YOURMIND is used prima­rily by compa­nies from a wide range of indus­tries that manu­fac­ture spare parts cost-effec­­tively on demand, effi­ci­ently replace outda­ted machi­nery or switch to a digi­tal warehouse. Although most of 3YOURMIND’s custo­mers alre­ady rely heavily on addi­tive manu­fac­tu­ring in their day-to-day produc­tion, the work­flow soft­ware also offers an opti­mal entry point for compa­nies that have yet to iden­tify use cases for indus­trial 3D prin­ting or want to plan and simu­late the use of agile manu­fac­tu­ring in their own production.

“The current econo­mic situa­tion in the wake of the Corona Lock­downs is just forcing many compa­nies to review their supply chains and look for alter­na­ti­ves,” says Alek­san­der Ciszek, co-foun­­der and CEO of 3YOURMIND GmbH. “Our custo­mers are alre­ady bene­fiting from our work­flow soft­ware, which opti­mally controls decen­tra­li­zed produc­tion, increa­ses flexi­bi­lity in supply networks and thus ensu­res the indus­trial value chain at all times. We are plea­sed that ENV and our port­fo­lio inves­tors share our vision of next-gene­ra­­tion effi­ci­ent manu­fac­tu­ring and support it through this Series A+ investment.”

The current invest­ment round enables 3YOURMIND to signi­fi­cantly increase its soft­ware deve­lo­p­ment capa­ci­ties. In addi­tion, the deve­lo­p­ment of new markets is to be massi­vely acce­le­ra­ted, in addi­tion to the exis­ting loca­ti­ons in Europe and the USA.

“The success of Indus­try 4.0 is based on addi­tive manu­fac­tu­ring,” says Crispin Leick, Mana­ging Direc­tor at ENV. “Thanks to 3YOURMIND’s soft­ware, compa­nies can easily and effi­ci­ently inte­grate addi­tive manu­fac­tu­ring into their exis­ting produc­tion proces­ses. At the same time, this supports the sustaina­bi­lity of many manu­fac­tu­ring and MRO (Main­ten­ance, Repair & Opera­ti­ons) appli­ca­ti­ons. We are extre­mely plea­sed with our invest­ment in a company like 3YOURMIND that is play­ing a major role in shaping the future of indus­trial manu­fac­tu­ring.” ENV invests prima­rily in strong and inno­va­tive compa­nies that can have a major impact on the energy and mobi­lity market in the future.

“Even in this econo­mic year, domi­na­ted by a globally rampant virus and ther­e­fore unpre­ce­den­ted, we at 3YOURMIND expect to double our sales for the third year in a row,” says Stephan Kühr, CEO of 3YOURMIND GmbH and respon­si­ble for the company’s growth. “The invest­ment round, carried by ENV and our exis­ting inves­tors UVC Part­ners, AM Ventures, TRUMPF Venture and copa­rion, opens up new and very good pros­pects for us in terms of strong global expansion.”

Simi­lar to other energy suppli­ers, EnBW opera­tes nume­rous power plants of diffe­rent ages and an exten­sive infra­struc­ture for relia­ble energy supply. In order to relia­bly supply its more than six million custo­mers and ensure smooth opera­ti­ons, the company has to find effi­ci­ent solu­ti­ons to main­tain and renew outda­ted equip­ment. Addi­tive manu­fac­tu­ring has proven to be a parti­cu­larly viable solution.

About 3YOURMIND
When 3YOURMIND was foun­ded in 2014, the goal was to provide wide­spread access to addi­tive manu­fac­tu­ring. In the first few years, corpo­rate custo­mers such as Siemens Energy, DB and Volks­wa­gen are added. This made it possi­ble to directly address the needs of enter­prise produc­tion and deve­lop soft­ware that is ready for the future of manu­fac­tu­ring. From 2020, the Agile Manu­fac­tu­ring Soft­ware Suite will offer modu­les for opti­mi­zing AM work­flows along the entire value chain. This provi­des your custo­mers with trans­pa­rency and scala­bi­lity for the entire industry.
www.3yourmind.com

About UVC Partners
Unter­neh­mer­tum Venture Capi­tal Part­ners (UVC Part­ners) is an early-stage venture capi­tal firm based in Munich and Berlin that invests speci­fi­cally in tech­­no­­logy-based start­ups in the areas of indus­trial tech­no­lo­gies, enter­prise soft­ware and mobi­lity. Per invest­ment round € 0.5 — 3 million are inves­ted and in successful invest­ments up to € 12 million in total. Port­fo­lio compa­nies bene­fit from the exten­sive invest­ment and exit expe­ri­ence of the manage­ment team and from the close coope­ra­tion with Unter­neh­mer­TUM, Europe’s leading inno­va­tion and start-up center. With its more than 240 employees and more than 100 indus­try part­ners, Unter­neh­mer­TUM has many years of expe­ri­ence in buil­ding young compa­nies. Through the part­ner­ship, UVC Part­ners can offer start­ups unique access to talent, custo­mers and part­ners. The port­fo­lio includes invest­ments such as Blick­feld, Carjump (Free2Move), Flix­Bus, KONUX, TWAICE and Vimcar.
https://www.uvcpartners.com/