Zortrax, the famous Polish 3D printing startup, achieved another success as Dariusz Milek, the famous Polish serial entrepreneur, and the 4th richest Pole in the ranking of Wprost, will acquire 1.2 million shares of Zortrax with a valuation of 44 mln PLN.
Ultro Sp. z.o.o., the Investment vehicle of Dariusz Miłek, president of CCC, will acquire 15 percent of shares of the Polish 3D printer manufacturer Zortrax, by way of an issue of their pre-IPO.
“Our company achieved an excellent opportunity to develop and expand, by bringing a trustworthy investor on the board. With our robust and stable position on the global market, and such a big interest in our stocks, we also show that Zortrax is a fast developing company and an excellent choice for the investors.” said Rafal Tomasiak, CEO of Zortrax. On 2015, Rafal was also awarded as by EY as the Entrepreneur of the Year in the “New Business” category.
According to Puls Biznesu, through this transaction, the company will be valued at nearly 300 million PLN. Last year the company achieved 37.6 million PLN sales revenues and 8 million PLN net profit. With this investment, Zortrax is actually valued at about 66 million EURO (73 million USD) pre-IPO.
Zortrax was founded by two Polish entrepreneurs, Rafal Tomasiak, and Marcin Olchanowski. The idea for the startup came from an online store supporting DIY licensed 3D printers. They were running the shop and in parallel working on the new machine. The main idea was to create a complete 3D printing environment, which would allow to distance them from the DIY industry.
The concept of Zortrax’s first 3D printer, M200, was imagined in 2011 and finalized in 2013. To support production, and global awareness, they launched a Kickstarter campaign with which they could gather nearly $180,000. Zortrax shipped the M200 to all the backers and invested the money left in further development. The next big step was to issue bonds in January and March 2014, which lead to 7.2M PLN investment in Zortrax. On December 3rd, 2015, Zortrax, together with its official distributor 3D Phoenix, launched its store. The main idea for the showroom was to broaden the knowledge of 3D printing among both professionals and students. Last month in Amsterdam Zortrax introduced new printer Zortrax M300. We are looking forward to hearing about Zortrax’s entrance to Warsaw Stock Exchange.