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Xometry is a marketplace designed to find performers for the production of custom-made industrial parts. The service cooperates with large European companies, including BMW and Bosch. Xometry was founded in 2013 by Americans Randy Altschuler and Lawrence Zuriff.
History
2022: Almaz Capital's exit from Xometry equity
By May 2022, Almaz Capital had withdrawn from Xometry's equity.[1]
2020: Almaz Capital invests in Xometry
In September 2020, Xometry announced the attraction of $75 million in investments. Most of the money to the startup was provided by T. Rowe Price Associates (exactly how much is not specified).
Alexander Galitsky's venture capital fundAlmaz Capital, Durable Capital Partners LP funds, ArrowMark Partners, BMW i Ventures, Greenspring Associates, Dell Technologies Capital, Robert Bosch Venture Capital, Foundry Group and Highland Capital Partners also participated in the funding round. The size of the shares of investors in the project is not called.
Xometry intends to spend the attracted investments on expanding the marketplace. Taking into account the latest round of funding, the company has raised a total of $193 million since its inception.
By mid-September 2020, the company's revenue is based on sales assistance between the buyer and the manufacturer. The startup helps set the price, and then earns on the difference between the cost of the product and how much the buyer is willing to pay for it. About 30 thousand customers and over 5 thousand manufacturers around the world are connected to the service.
 | Xometry is focused on helping manufacturers deal with the challenges of supply chain flexibility, reorientation and the digital manufacturing transition, says Xometry CEO Randy Altschuler. - We are excited to work with T. Rowe Price, Durable Capital Partners and ArrowMark Partners as we continue our steady growth.[2] |  |
2018-2019: Investment from Almaz Capital
Almaz Capital first invested in Xometry in 2018. The American company merged with the rival MakeTime project, in which the Alexander Galitsky Foundation had a stake. In 2019, Almaz Capital invested another $50 million in the Series D round.
Notes
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