BCN3D has voluntarily filed for chapter based on reviews in Spain.
Barcelona-based digital media outlet Crónica International reported final week that BCN3D had didn’t efficiently negotiate a restructuring of its money owed with collectors.
A chapter administrator has been appointed with the corporate’s future unclear.
BCN3D launched in 2018, bringing to market a portfolio of extrusion desktop 3D printers to market, whereas additionally growing the Viscous Lithography Manufacturing (VLM) know-how it might later carve out by way of the Supernova enterprise. Amongst BCN3D’s flagship merchandise had been the Omega I60 3D printing system and its Epsilon Sequence, which got here with the promise of manufacturing ‘exceptionally sturdy’ elements at excessive speeds.
Regardless of the corporate’s finest efforts, it has been unable to distinguish itself within the aggressive desktop 3D printing panorama. Crónica International reviews that its revenues dropped by 25% in 2023 in comparison with the earlier yr, with the corporate recording a web lack of over one million Euros. Through the years, the corporate raised round 10 million EUR by means of personal funding, with an extra 7 million EUR coming in public subsidies. Final yr, the corporate secured what it described as ‘pivotal funding’ as it launched a brand new 3D printer manufacturing facility.
Although the funding was thought-about important, it has not been sufficient to stave off chapter. Crónica International reviews that on the time of submitting, BCN3D had belongings valued at round 10 million EUR, with liabilities of seven million EUR. The corporate has but to publicly affirm it has filed for chapter, however has used its social channels in latest days to re-post a Forbes article from 2020 rounding up the funding raised by 3D printing firms in the course of the Covid-19 pandemic and spotlight a buyer success story.
