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Xometry: Raises $75M in Equity Funding | Fintech InShorts: Latest fintech news, analysis by experts

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Xometry: Raises $75M in Equity Funding

By Steve Sam

September 10, 2020

Xometry, a Gaithersburg, Md.-based on-demand manufacturing marketplace, completed an $75M equity funding
The round was led by funds and accounts advised by T. Rowe Price Associates, Inc
Following a $55M Series D in 2019, this new funding round brings Xometry to $193M in total funding since its founding in 2013
Then the company intends to use the funds to accelerate business growth through investments in its software platform, new products, and other initiatives
Xometry also announced that Jim Rallo has joined the company as Chief Financial Officer
Xometry acquired Munich-based Shift in December 2019 as part of its global expansion strategy

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