Arevo

Arevo is an American 3D printer developer founded in 2013. In addition to equipment, the company offers finished products created on a 3D printer. So, by August 2021, Arevo sells bicycles made of carbon fiber composites and promotes the Superstrata brand.

History

2021: Raising $25 million

In August 2021, it became known about the investment of $25 million in Arevo. Khosla Ventures invested the most. American funds GGV Capital, Defy Partners, Founders Fund (invested in Spotify, Airbnb and SpaceX) and Russian Phystech Ventures also took part in the funding round .

According to Danila Shaposhnikov, partner of the Phystech Ventures venture fund, Arevo intends to spend the attracted investments on expanding production, recruiting new specialists and supporting the current business. The company is looking for developers in the USA and Vietnam.

Russian fund Phystech Ventures invested in the American developer of 3D printers Arevo

The parameters of the investment transaction are not disclosed. According to the representative Fort Ross Ventures of Denis Efremov, it could amount to $100-150 million. The funds received during the round startup are planned to be allocated to expand production, reports. Forbes The total volume of investments attracted by Arevo for all time reached $85 million by August 19, 2012.

Efremov says Arevo has little revenue due to a long sales cycle and a small number of customers. The Phystech Ventures Foundation took part in the round due to the fact that it is building its strategy around industrial technologies and "has formed a reputation sufficient to participate in such global transactions," he added.

The main thing investors look at in such rounds is the quality of technology, product and the funnel of potential customers to whom they are now selling contracts that will be monetized in the future, "said Denis Efremov.[1]

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