Despite a general cooling of investor interest in 3D tech startups, Restor3d's funding represents a significant investment in the sector. VC-backed startups in the sector saw more than $2.4 billion invested in 2022, but this dropped to about $1 billion last year. So far this year, only about $424 million has been raised, with Restor3d's raise being the second biggest in the industry, behind Exodigo's $75 million Series A in February.
Key takeaways:
- Restor3d, a maker of 3D printed personalized orthopedic implants, has secured $70 million in financing, including a $55 million Series A round and $15 million in debt financing.
- The company uses biomaterials, 3D-printing technologies, and AI to repair the human body and plans to introduce new implant systems for total ankle and shoulder replacements.
- Despite a general cooling of investor interest in 3D tech startups, Restor3d's funding round is the second biggest in the industry this year, behind Exodigo's $75 million Series A.
- VC-backed startups in the 3D tech sector saw more than $2.4 billion invested in 2022, but that number dropped to about $1 billion last year, with only about $424 million raised so far this year.