Replique provides a secure digital platform for on-demand industrial parts serving the OEM market
Replique, a digital manufacturing startup, spins off from Chemovator, the business incubator of BASF, and successfully closes a late seed round to further build its business. The funding round was led by STS Ventures, a leading digital technology investor. Replique provides the first fully encrypted 3D printing platform that makes spare part management and the production of small series more sustainable.
STS Ventures led the funding round as experienced early-stage investor. However, with their managing partner Stephan Schubert – former founder and managing director of Onvista until its spin-off in 2007 – STS Ventures also brings valuable entrepreneurial mindset and experience to the table and will be a great support for Replique's path to a strong profitable business.
“We see a lot of startups with promising ideas, but Replique stood out to us as a game-changer in the manufacturing industry. Their innovative industrial 3D printing platform has the potential to disrupt the industry and we are excited to support their growth and expansion in the future. Besides the right solution, Replique also brings the right mind-set and an excellent team to the table”, says Oliver Kaul, partner at STS Ventures.
"We're thrilled to have successfully spun off from Chemovator and to have secured ourselves the support of such prominent investors, who have a strong experience in scaling startups and bring the strategic expertise to internationalize our business in an efficient way," says Dr. Henrike Wonneberger, co-founder of Replique. "We look forward to working closely together to achieve our goal of becoming the world’s greatest digital inventory for on-demand parts."
Replique is already the fifth startup to spin off from Chemovator. Despite becoming an independent company, Replique maintains a close relationship with BASF as a customer as well as its subsidiary BASF 3D Printing Solutions, one of Replique’s trusted material partners, and the whole BASF network. Markus Bold, Managing Director of Chemovator concludes: “We look forward to working together to continue Replique's path to success."
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