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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.
| Date | Funding Round | Funding Raised | Price per Share | Last Known Valuation |
|---|---|---|---|---|
| 1/23/2019 | Series E | $159.79MM raised | $XXX.XX | $XXX.XX |
| 3/19/2018 | Series D | $185.42MM raised | $XXX.XX | $XXX.XX |
| 11/10/2016 | Series C | $45MM raised | $XXX.XX | $XXX.XX |
| 4/25/2016 | Series B | $33.76MM raised | $XXX.XX | $XXX.XX |
| 10/27/2015 | Series A | $13.85MM raised | $XXX.XX | $XXX.XX |
