03-07-2023: Caracol AM closed a €10.6 million Series A funding round
The company announced its plan to expand globally with its robotic arm-based LFAM system
On March 7, 2023, Caracol AM—a Italian manufacturer of large-format LFAM systems using robotic arms—successfully completed a €10.6 million Series A investment round. The funding was led by prominent investors, including CDP Venture Capital, Neva SGR (Venture Capital from Intesa Sanpaolo Group), Primo Space Fund, and EUREKA! Venture SGR, all of whom had previously invested in the company. The financing allowed Caracol to establish an international sales network, focusing on its flagship system, Heron AM.
Caracol AM was founded in 2018, building on the foundations of Caracol Design Studio, which was established three years earlier. The founders included Paolo Cassis, Jacopo Gervasini, and Giovanni Avallone, who came from Caracol Design Studio. They were later joined by Francesco De Stefano, who took on the role of CEO. From the beginning, the company aimed to push the boundaries of 3D printing with polymers (and more recently, metals), focusing on large-format 3D printing using granules and robotic arms.
Since its inception, Caracol has specialized in integrating robotics with 3D printing technologies, enabling the production of large and complex structures without the limitations of traditional 3D printers. The company launched Heron AM, a system designed for large-scale additive manufacturing with thermoplastic materials.
In 2022, Caracol tripled its revenue, highlighting its rapid growth. The €10.6 million investment was aimed at supporting international expansion, including the opening of new centers in North America and the Middle East, as well as increasing the team size to around 120 employees by 2024.
In November 2024, at Formnext, Caracol debuted its latest system, Vipra AM—a robotic platform utilizing Wire Arc Additive Manufacturing (WAAM) for large-scale metal 3D printing.
Source: www.caracol-am.com
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