3D printing company Mcor Technologies has secured a €6.6 million investment from London and Munich based private equity fund manager WHEB Partners.
Mcor, which is based in Dunleer, Co Louth, provides full-colour and eco-friendly 3D printers.
While most 3D printing technologies are used to build models from expensive and often environmentally harmful plastic, chemically infused powder, or metal, Mcor 3D printers use ordinary office paper as the build material.
This has several advantages in that the paper can be imprinted with Mcor ink to give a much more realistic colour than any other technology currently on the market and its use of inexpensive paper results in low total cost of ownership, and the 3D printed objects are themselves fully recyclable thanks to the use of water-based adhesives in the build process.
“We are experiencing strong demand internationally for our products and this investment from WHEB will allow us to deliver on our exciting sales pipeline and, together with WHEB, build Mcor into a global 3D printing company,” said Dr Conor MacCormack, CEO and co-founder of Mcor. “We now have all the ingredients necessary to create a world-beating 3D printing technology company, with new and innovative products on the horizon.”
Brothers Conor and Fintan MacCormack founded Mcor in 2005 and have increased revenues by 800% since 2012. The main customers are product design studios, architects, educational institutions, and print shops.
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