Mantle has announced securing $20 million in Series C funding to expand its metal 3D printing technology for precision tooling. This funding raises the company’s total to over $61.5 million, supporting market expansion, scaling manufacturing, and developing new capabilities. Mantle’s 3D printers deliver high efficiency, accuracy, surface finish, and tool steel properties, significantly reducing tooling lead times and costs.
The funding round was led by Schooner Capital, with participation from Fine Structure Ventures, Foundation Capital, Corazon Capital, 11.2 Capital, and Build Collective. Mantle’s advanced manufacturing platform, TrueShape, offers substantial cost savings and unprecedented speed, addressing labor shortages and accelerating product development timelines for industrial toolmakers and OEMs.
The push towards reshoring manufacturing to the U.S. has increased demand for molded parts and toolmaking. Mantle’s technology has become crucial for manufacturers, improving labor productivity, cutting expenses, and shortening lead times.
“Mantle is poised to revolutionize the global tooling industry,” said Alexandra Manick, Principal of Schooner Capital.
“The company’s advanced manufacturing platform, TrueShape, is proven to deliver significant cost savings and, more importantly, unprecedented speed for its customers. This paradigm-shifting solution is readily adoptable and sorely needed to address persistent skilled labor shortages and accelerate product development timelines for industrial toolmakers and OEMs worldwide.”
Mantle’s precision metal 3D printing technology, designed for injection mold tools, has produced millions of end-use parts. It offers unmatched precision and automation, reducing dependence on skilled labor and cutting costs by over 65%, while accelerating development cycles by up to 90%.
Mantle’s Series C funding will enable further development and adoption of its cutting-edge metal 3D printing technology for precision tooling.
