urkish 3D printer manufacturer Zaxe has raised 60 million Turkish lira ($3.8 million) in a funding round led by PCP Technology Opportunities Fund and the Regional Development Fund under the umbrella of the Turkey Development Fund. Existing investors KVK, Omurga Teknoloji Fonu, Nevzat Aydın, Ali Demir Akel, and Muzaffer Akpınar also participated in the round.
Founded in 2015, Zaxe has become a fast-growing player in the global additive manufacturing market with its high-speed printing capabilities, AI-based smart technologies, and plug-and-play designs. The company offers an end-to-end 3D ecosystem of hardware, software, and materials to users. Zaxe products are exported to over 15 countries in Europe and North America, in addition to Turkey.
“With this new investment, we will continue to grow our global footprint and realize our vision of making manufacturing simpler and faster, independent of traditional production methods,” said Zaxe co-founders Baki Gezgen and Aydonat Atasever.
Aydonat Atasever, Zaxe cofounder
Zaxe plans to use the new funding to accelerate its global expansion, develop new products and technologies, and expand its research and development capabilities. The company also plans to invest in marketing and sales to increase brand awareness and reach new customers.
Zaxe’s investment is a sign of the growing momentum of the additive manufacturing industry in Turkey. The country has a strong manufacturing base and a growing pool of talent in the field of additive manufacturing. Zaxe’s success is an example of how Turkish companies can compete in global markets by developing innovative products and technologies.