STS Ventures
Assembly Line
🖨️⚙️ Replique spins out from BASF Chemovator business incubator
Digital manufacturing firm Replique has spun out from BASF’s Chemovator business incubator after closing a late seed round. The funding round was led by STS Ventures, a leading digital technology investor, with BASF also offering support by additional funding through Chemovator.
Replique, who provides a fully encrypted 3D printing platform to facilitate spare parts management and small series production, is the fifth start-up to spin-off from Chemovator. Though it has become an independent company, it will maintain a close relationship with BASF – both its BASF 3D Printing Solutions subsidiary and the rest of its network – as a customer. The company will now focus on ‘expanding its reach and acquiring new customers in various industries’, while harnessing its latest round of funding to add new features to the Replique platform. Investment in human resources is also expected.