Innovation, Caracol closes 3.5 million investment round

Closed by the innovative SME Caracol – specialized in advanced Additive Manufacturing services – a 3.5 million euro investment round. The round sees the entry of Primo Ventures through the Primo Space Fund and Eureka! Venture Sgr through the Eureka fund! Fund as lead investors, alongside a group of business angels. The Lombard SME explains that the transaction was completed with the coordination of Growth Capital as financial advisor and with the support of the law firms Fieldfisher and HiLex. Launched as an innovative startup at the end of 2017 by Francesco De Stefano, Jacopo Gervasini, Paolo Cassis and Giovanni Avallone, Caracol has transformed robotic supports into an integrated Additive Manufacturing technology, also following research activities on the world of 3D and generative design carried out at the Politecnico di Milano. Thanks to the hardware development of an innovative patented extrusion system and proprietary software algorithms, the Caracol robotic system allows to produce monocoque components of large dimensions, with very complex geometries and with the “direct printing” of composite materials with high mechanical performance. and thermal. Caracol’s innovation, Pmi underlines, “therefore lies in overcoming the dimensional limits of traditional industrial 3D printers, with lower operating costs than traditional processes and other solutions on the market”. Caracol thus aims to radically renew the current production system, also helping manufacturing companies to achieve important sustainability goals. The technology of the Italian company was in fact designed to ensure a process that, by printing directly from pellets, eliminates and potentially reuses most of the production waste, typical of subtractive processes. “The closure of this round marks a fundamental step for Caracol. its growth path “says Francesco De Stefano, Co-founder and CEO of Caracol. “Thanks to the partnership with important players in the world of technological innovation, such as Primo Space and Eureka !, Caracol – adds the manager – will have the opportunity to accelerate technological development and consolidate itself as a leading company in large-scale 3D printing for advanced applications in High-performance sectors, such as Automotive and Aerospace. Thanks also to our partners Growth Capital, Fieldfisher and HiLex who assisted us in closing the transaction. “