PMV backs Rapidfit

PMV invested in Rapidfit alongside its parent company Materialise, which previously provided early-stage capital.

PMV provided financing via its Transformation, Innovation and Acceleration (TINA) fund, which is managed by PMV but is a joint venture with the Flemish government. The TINA fund focuses on investments in the Flemish industrial sector, namely in IT, nanotechnology, energy, transportation and supply chain management. The vehicle holds €200m in risk capital, according to PMV's website.

The funding contributed to Rapidfit by PMV and Materialise will be used to pursue international expansion.

Company
Rapidfit is a subsidiary of the Materialise group, which was founded in 1990 and is headquartered in Leuven. The group reportedly recorded turnover of €40.2m in 2011.

Rapidfit produces customised fixtures and control systems for the automotive industry by way of additive manufacturing, also known as 3D printing.

People
Filip Dehing is the CEO of Rapidfit. Clair Ysebaert is the chairman of PMV's board of directors.

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• Topics
• Benelux
• Industrials
• Expansion
• Belgium