ALM-backed 3D printed goods company Sols has boosted its total funding to more than $19m after closing a $11.1m round that will support its commercial launch.
Sols, a US-based 3D printed goods provider backed by engineering company Advanced Laser Materials (ALM), secured $11.1m in series B funding on Friday.
The round was backed by venture capital firms Lux Capital, Founder Fund and Tenaya Capital, and investment fund Melo7 Tech Partners.
Lux Capital led Sols’ $1.75m seed round in December 2013 which also featured ALM, RRE Ventures, Rothenberg Ventures, Terrawatt Ventures and Start Garden, before leading a series A round in April 2014 that raised $6.4m from Founders Fund, RRE, Rothenberg, Felicis Ventures, FundersGuild and Grape Arbor VC.
Sols has developed 3D printing-assisted technology for the mass-scale customisation of wearables. Its first product consists of shoe insoles customised to the wearer, who can use a dedicated smartphone app to scan their feet and upload the information to Sols for manufacturing.
The company will use the series B funding to support its commercial launch, and to expand its product pipeline.
