TOffeeAM London Secures Funding
A London-based 3D printing software company raises £5m in Series A funding.
21:24 15 November 2022
TOffeeAM, a London-based 3D printing software company that uses artificial intelligence (AI), has raised £5million in Series A funding for the development of super-green machines of the future. The funding will also be used to expand the business globally with a focus on US and East Asian markets.
Led by London-headquartered Presidio Ventures Europe, the financing round was participated by London-based venture capital investor East Innovate, leading UK deep-tech investor IQ Capital, US venture fund Type One Ventures, Italian investor Excellis, and sector veteran angel investors.
Francesco Montomoli, CEO, said: “We are delighted to have received this investment from our funding partners, both new and old. This funding will give TOffeeAM the opportunity to scale globally and continue to help businesses across numerous industries to design innovative products.”
Rory Scott Russell from East Innovate, said: “We are delighted to co-lead this investment alongside Presidio Ventures and to support TOffeeAM’s internationally recognised team as they begin the next stage of their growth journey. Looking for solutions to help businesses across all industries achieve net-zero is vital if we are to protect our planet for future generations.”