Growth Capital supported Caracol, a leader in large-scale industrial 3D printing, in a €10.6 million Series A round.
The round was led by CDP Venture Capital SGR and Neva SGR, the Venture Capital arm of the Intesa Sanpaolo Group, along with Primo Ventures and EUREKA! Venture SGR, funds that were already involved with Caracol.
This round, following a growth trajectory that saw Caracol triple its revenue in 2022, solidifies the company’s leadership and its large-scale additive manufacturing technology, Heron AM, while laying the foundation for international expansion with two new locations in North America and the Middle East. With the funds raised, Caracol will further expand its network of partners for the technical development and commercialization of Heron AM in key global markets.
“This round is the culmination of a strong growth path, which has led to the validation of our solutions by leaders in industries such as Aerospace and Marine. Thanks to the trust of major Italian investment funds and the great support received from the advisors, coordinated by Growth Capital in this operation, we now have the opportunity to accelerate the expansion of our solutions into global markets, continuing to develop and strengthen the technology that will drive the manufacturing world toward a more efficient and sustainable future,” commented Francesco De Stefano, CEO and Co-founder of Caracol.
