Bessemer Venture Partners

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Velo3D Raises $28 Million in Series D Funding Round, Paving the Way for Product Expansion

Date:

Topics: funding event

Organizations: Velo3D, Bessemer Venture Partners, Khosla Ventures

Digital manufacturing innovator Velo3D announced today that it has raised $28 million in a Series D funding round. New investors Piva and TNSC joined the round, along with existing investors Bessemer Venture Partners, Playground, and Khosla Ventures. This brings Velo3D’s total funding to $138 million. Velo3D plans to use the new capital to expand its product portfolio to include more machine options, compatible alloys, and enhanced software and hardware capabilities. The company anticipates that the injection of fresh capital will help them reach sustainable profitability by mid-2022.

Read more at Velo3D Press Releases