At Nectar we’ve been growing and scaling our business quickly over the past year. Our R&D team has been working hard to bring to market our first product, the Nectar One. Apart from our hard working team and the loyalty of our launching customers such as Teijin Aramid we have strong support from the investment community. We needed capital to scale even further and expand our business to drive growth. Our plans are ambitious and we want to make enterprise 3D printing a reality with our Nectar One 3D printer, software and services.
This is why we’re proud to announce that we’ve received a €1 Million investment from TIIN Capital and PPM Oost to fund our growth. You can find the press release (in Dutch) here. We will use our investment to expand production and invest more in sales, marketing and R&D.
Finding the right investors for your business is often a very complex thing to do. On the one hand it is tempting to woo many investors. On the other hand it is more important that you find the right kind of investors who share your vision and your outlook. It is crucial that they have long term strategic interests that align with yours. We’re happy to be working with TIIN Capital and PPM Oost because of these things. They also bring a lot of strategic insight and best practices to our business. We are learning a lot from them and they are helping to nurture Nectar and the Nectar team. In areas such as accounting and finance we’ve been able to benefit greatly from their insight and experience. More than just any money, the investment from TIIN and PPM Oost is the right kind of money for us.
Nick Wilderink (our CEO and Co-founder), says that “We’re glad that we have two very experienced investors on board with TIIN Capital and PPM Oost. They are a huge asset to our business and will help bring hassle free 3D printing to many more companies. Nectar’s focus on reliability, usability and ease of use mean that we had to build our own 3D printer and software from the ground up. This requires a significant investment in time and money and with our current round we will be able to expand production and R&D to further build upon the Nectar One ecosystem.”
Want to learn more? Contact us or read the article on The Telegraaf (In Dutch).