Global Ventures

Assembly Line

Immensa raises $20 million in latest funding round

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Immensa, Global Ventures

Immensa, MENA’s largest additive manufacturing startup, obtained $20 million to continue its expansion in a new funding round led by Global Ventures, MENA’s leading venture capital firm. Other participants included new investors, Endeavor Catalyst Fund and EDGO, and existing investors, Energy Capital Group (ECG), Shorooq Partners, and Green Coast Investments. This funding round marks Immensa’s first fundraising effort since its $7 million Series A round in 2021.

The proceeds from the latest round led by Global Ventures will help expedite Immensa’s global expansion, transforming it from a regional player into a global solution provider as it builds the largest digital warehouse in energy via its proprietary technologies. The company will invest further in its exclusive software, a technology platform solution called DIS RT, and augment its artificial intelligence (AI) tools.

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