Stratasys, which specializes in polymer 3D printing solutions, raised a $120 million in equity funding from Fortissimo Capital.
Stratasys plans to use the new funds to enhance shareholder value, support the continued execution of its strategy to drive growth, and further strengthen its balance sheet.
Stratasys offers an additive manufacturing platform specializing in 3D printing solutions for industries such as aerospace, automotive, consumer products, and healthcare. Through connected 3D printers, polymer materials, a software ecosystem, and parts on demand, its solutions deliver competitive advantages at every stage in the product value chain.
As part of the investment this investment, Yuval Cohen, Founding and Managing Partner of Fortissimo, will be appointed to the Stratasys Board of Directors at the closing of the transaction, replacing a Stratasys director to be named at that time.