Sculpteo raises €5m from XAnge and Creadev

It is understood Sculpteo's management will retain a majority stake in the start-up following this latest investment. 

Sculpteo will use the fresh capital to bolster its industrial processes and develop its presence worldwide. In that regard, the start-up is aiming for a twofold increase of its workforce by 2016.

The funding round features a significant increase in XAnge's investment in the company and marks its third capital injection into the French technology sector since the turn of the year.

The Paris-based venture capital firm took part in a €1.3m investment in e-mail marketing developer Kiwup alongside Kima Ventures and Nestadio Capital in January 2015. Less than a month afterwards, it led a €1.3m funding round for bitcoin wallet hardware developer Ledger.

Company
Founded in 2009 by Eric Carreel, Clément Moreau and Jacques Lewiner, Sculpteo is a cloud-based start-up that operates online, mutualised 3D printing factories.

Headquartered in Paris, it has a staff of 50 and provides 3D printing services to companies including Skoda, Hexadrone, Dassault Systemes, Knuckies and Audioquest. Half of Sculpteo's revenues come from outside France, according to the company.

People
XAnge Private Equity was represented by partner Cyril Bertrand, while director Florent Thomann and manager Clément Lamolinerie led the deal for Creadev. Clément Moreau is CEO at Sculpteo.

Advisers
Equity – Grant Thornton, Sylvain Quagliaroli, Sophie Dervain (Corporate finance); Lamartine Conseil, Fabien Mauvais (Legal)

Company – Bryan Garnier, Philippe Patricot, David Serrero (Corporate finance); Joffe & Associés, Thomas Saltiel, Philippe Balaÿ (Legal).

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• Topics
• France
• Expansion
• Technology
• XAnge Private Equity
• France