Desktop Metal was founded in 2015 by Ric Fulop, Rick Chin, Yet-Ming Chiang, Christopher Schuh, A. John Hart, Jonah Myerberg, and Ely Sachs. The company is planning to go public through a reverse merger with blank-check company Trine.
Desktop Metal is a developer of additive manufacturing technology with a focus on metal and carbon fiber printing. The company has raised approximately $425 million in Venture Capital funding from investors including 40 North Ventures, Riot Ventures, The Future Fund, Conductive Ventures, Moonrise Venture Partners, Vertex Ventures US, BMW iVentures, GV, Lowe’s Ventures, Bolt Innovation Group, Data Collective, Kleiner Perkins, Lux Capital Management, and New Enterprise Associates. Per company press releases Desktop Metal last raised $160 million in January 2019 at a post-money valuation of $1.5 billion.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
01/23/2019 | Series E | $159.79MM | $xx.xx | $1.5B | Gv, Kleiner Perkins, Koch Disruptive Technologies, Lux Capital, New Enterprise Associates, Panasonic Ventures, Techtronic Industries | |
Price per Share
$xx.xx
Shares Outstanding
15,945,440
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Gv, Kleiner Perkins, Koch Disruptive Technologies, Lux Capital, New Enterprise Associates, Panasonic Ventures, Techtronic Industries
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03/19/2018 | Series D | $185.42MM | $xx.xx | $1.1B | Aeg, Dcvc Opportunity, Future Fund, Ge Ventures, Gv, Hoover Universal, Kleiner Perkins Caufield & Byers, Lowe'S Ventures, Lux Capital, Moonrise Venture Partners, New Enterprise Associates, Panasonic Ventures, Ryobi Holdings, Saudi Aramco, Shenzhen Capital Group, Techtronic Industries, Tyche, Vertex Ventures | |
Price per Share
$xx.xx
Shares Outstanding
21,647,250
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Aeg, Dcvc Opportunity, Future Fund, Ge Ventures, Gv, Hoover Universal, Kleiner Perkins Caufield & Byers, Lowe'S Ventures, Lux Capital, Moonrise Venture Partners, New Enterprise Associates, Panasonic Ventures, Ryobi Holdings, Saudi Aramco, Shenzhen Capital Group, Techtronic Industries, Tyche, Vertex Ventures
|
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11/10/2016 | Series C | $45MM | $xx.xx | $365MM | Bmw I Ventures, Gv, Lowe'S Ventures, Tyche Partners | |
Price per Share
$xx.xx
Shares Outstanding
13,152,896
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bmw I Ventures, Gv, Lowe'S Ventures, Tyche Partners
|
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04/25/2016 | Series B | $33.76MM | $xx.xx | $135MM | Bolt Innovation Group, Data Collective, Founder Collective, Ge Ventures, Kleiner Perkins, Lux Capital, New Enterprise Associates, Pillar Companies, Saudi Aramco Energy Ventures | |
Price per Share
$xx.xx
Shares Outstanding
21,083,392
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bolt Innovation Group, Data Collective, Founder Collective, Ge Ventures, Kleiner Perkins, Lux Capital, New Enterprise Associates, Pillar Companies, Saudi Aramco Energy Ventures
|
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10/27/2015 | Series A | $13.85MM | $xx.xx | $32MM | Bolt Innovation Group, Founder Collective, Kleiner Perkins Caufield & Byers, Lux Capital, New Enterprise Associates, Stratasys, The Data Collective | |
Price per Share
$xx.xx
Shares Outstanding
25,954,315
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bolt Innovation Group, Founder Collective, Kleiner Perkins Caufield & Byers, Lux Capital, New Enterprise Associates, Stratasys, The Data Collective
|