Growth Capital supports Caracol, a leader in large-scale industrial 3D printing, in a €10.6 million Series A round.
The operation was led by CDP Venture Capital SGR and Neva SGR, the Venture Capital arms of the Intesa Sanpaolo Group, along with Primo Ventures and EUREKA! Venture SGR – funds already present in Caracol.
The round, following a period of significant growth that tripled Caracol’s turnover in 2022, solidifies the company’s leadership and its large-scale Additive Manufacturing technological solution, Heron AM. This lays the groundwork for international expansion with two new locations in North America and the Middle East. Through this round, Caracol will further expand its network of partners for the technical development and commercialization of Heron AM in key markets worldwide.
“This round is the culmination of a strong growth journey, leading to the validation of our solutions by industry leaders in sectors such as Aerospace and Nautical. Thanks to the trust of leading Italian investment funds and the significant support received from advisors, coordinated by Growth Capital in this operation, we will now have the opportunity to accelerate the expansion of our solutions in global markets, continuing to develop and consolidate the technology that will propel the manufacturing world towards a more efficient and sustainable future,” comments Francesco De Stefano, CEO and Co-founder of Caracol.