As the additive manufacturing industry continues to rapidly grow and evolve, so too does the financing that enables the technology innovation. ‘Printing Money’ takes a deeper look at the transactions behind some of the most innovative 3D printing businesses. We explore everything from mergers, acquisitions, fundraising, and the public markets, while considering broader technology trends and market movements in the AM industry. Each episode, we’ll dive into the latest investments in the 3D printing industry and understand how they’ll shape the future of the industry. With our combined expertise in finance and additive manufacturing, we’ll give you the context you need to better understand the deals done in our industry.

Printing Money
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Podcast Overview
As the additive manufacturing industry continues to rapidly grow and evolve, so too does the financing that enables the technology innovation. ‘Printing Money’ takes a deeper look at the transactions behind some of the most innovative 3D printing businesses. We explore everything from mergers, acquisitions, fundraising, and the public markets, while considering broader technology trends and market movements in the AM industry. Each episode, we’ll dive into the latest investments in the 3D printing industry and understand how they’ll shape the future of the industry. With our combined expertise in finance and additive manufacturing, we’ll give you the context you need to better understand the deals done in our industry.
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Publishing Since
3/20/2023
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Recent Episodes

July 20, 2026
Printing Money Episode 40: 3DP/AM Deal Analysis and More with Matthias Schmidt-Lehr, AMPOWER
<p>Welcome to <i>Printing Money </i>Episode 40. Matthias Schmidt-Lehr (<a href="https://ampower.eu/"><span class="s1">AMPOWER</span></a>, Executive Partner) joins Danny for this episode and we are very thankful to <a href="https://3dprint.com/307425/printing-money-episode-15-3d-printing-markets-deals-with-am-research-and-ampower/"><span class="s1">have him back</span></a>.</p> <p>In Episode 40, Danny and Matthias approach markets and deals largely with AI in mind. AI is a huge enabler for the 3DP/AM industry, but in different ways for different parts of the industry.</p> <p>First, Danny and Matthias discuss the desktop 3DP/AM market with respect to industrial users and of course also with respect to AI. Then the discussion shifts upstream to industrial 3DP/AM applications of AI. Along the way, there are some very topical 3DP/AM deals and financings to reference.</p> <p>Finally, Danny and Matthias manage to exhaust the limits of AI, with respect to 3DP/AM deals anyway. So, they dive in for a few laps of more general deal analysis.</p> <p>Throughout this episode there are a lot of reference to past deals and episodes. <a href="https://3dprint.com/videos/#printing_money"><span class="s1">Historical references</span></a> are made to Backflip, Axial3D, Euler, Interspectral, Freeform, Seurat, VulcanForms, Alloy Enterprises, Metal Powder Works, 6K Additive, and more.</p> <p>We mentioned Matthias’ past appearance on <i>Printing Money</i>, but also a heads up to stay tuned for some more great <a href="https://ampower.eu/"><span class="s1">AMPOWER</span></a> content coming to 3DPrint.com soon.</p> <p>Please enjoy Episode 40 and check out our <a href="https://podcasts.apple.com/us/podcast/printing-money/id1677763311"><span class="s1">previous episodes</span></a> too.</p> <p class="p1"><i>This episode was recorded July 14, 2026.</i></p> <p class="p1"><b>Timestamps</b>:</p> <p class="p1">00:13 – Welcome to Episode 40, and welcome back to Matthias Schmidt-Lehr, <a href="https://ampower.eu/"><span class="s1">AMPOWER</span></a></p> <p class="p1">01:34 – Insights on AI and what it means for 3DP/AM</p> <p class="p1">07:28 – Analyzing the desktop 3DP/AM market and its relevance to industrial users</p> <p class="p1">09:24 – <a href="https://www.meshy.ai/"><span class="s1">Meshy.ai raises $50m</span></a> for AI 3D model generation (BAI Capital invested)</p> <p class="p1">13:37 – <a href="https://www.hi3d.ai/"><span class="s1">Hi3D.ai raises undisclosed seed round</span></a> for AI 3D maker creation (BAI Capital invested again)</p> <p class="p1">17:07 – AI is already an enabler for the desktop consumer 3DP/AM market</p> <p class="p2"><span class="s2">19:54 – <a href="https://www.linkedin.com/posts/replasia-investment-3dprinting-share-7465748990056120323-Tj4F/?utm_source=share&utm_medium=member_desktop&rcm=ACoAAChxJJYBA8DYs962tlRsT_ZepqCL3GUFgQk"><span class="s1">Replasia receives minority investment from Materialise and Andy Christenson</span></a> for 3DP medical devices</span></p> <p class="p1">24:54 – AI for industrial 3DP/AM</p> <p class="p1">29:22 – <a href="https://3dprint.com/327429/d-embargo-6-22-12-pm-eastern-phase3ds-in-situ-monitoring-lands-2-9m-in-oversubscribed-round/"><span class="s1">Phase3D raises $2.9M</span></a> for in-situ monitoring</p> <p class="p1">33:45 – FreeForm, Seurat, VulcanForms, and scaling metal LPBF</p> <p class="p2"><span class="s2">37:39 – <a href="https://docs.google.com/document/d/1lvQuaCefiVkb3ozA3gcsdTCLds_3BizQk68AqlxQl8w/edit?tab=t.0#:~:text=8-,Limitless%2520Labs%2520Raises%2520%252420%2520Million%2520in%2520Series%2520A%2520Funding%2520for%2520Agentic%2520CAD%2520%252D%25203DPrint.com%2520%257C%2520Additive%2520Manufacturing%2520Business,-Limitless%2520Labs%2520Raises"><span class="s1">Limitless Labs raises $20M for agentic CAD</span></a></span></p> <p class="p2"><span class="s2">40:09 – <a href="https://3dprint.com/326720/tdk-makes-sound-ai-infrastructure-bet-witj-fabric8labs-acquisition-worth-up-to-400m/"><span class="s1">TDK acquiring Fabric8Labs for $400M+ for AI infrastructure</span></a></span></p> <p class="p2"><span class="s2">44:12 – <a href="https://3dprint.com/326390/sandvik-leaves-3d-printing-analysis/"><span class="s1">Sandvik exits 3D printing business to carve-out firm Mimir</span></a></span></p> <p class="p2"><span class="s2">48:55 – <a href="https://3dprint.com/326606/spectrum-filaments-gets-investment-how-they-could-win-in-filament/?utm_source=3DPrint.com+Daily+Newsletter&utm_campaign=02c20f7c95-3dprint_daily_newsletter&utm_medium=email&utm_term=0_8ba29602e9-02c20f7c95-72756029"><span class="s1">Spectrum Filaments receives investment from Blue Gravity Capital</span></a></span></p> <p class="p2"><span class="s2">49:45 – <a href="https://3dprint.com/326320/am-asia-watch-chinas-heygears-lands-44m-to-expand-beyond-dental-3d-printing/"><span class="s1">HeyGears raises approximately $44M</span></a> for desktop 3D printing</span></p> <p class="p2"><span class="s2">51:45 – <a href="https://3dprint.com/326748/as-longevity-gains-momentum-rem3dy-health-raises-14-million-for-3d-printed-nutrition/"><span class="s1">Rem3dy/Nourished raises GBP 14M for 3D printed nutrition gummies</span></a></span></p> <p class="p2"><span class="s2">53:07 – …and <a href="https://3dprint.com/328346/finnish-3d-printed-pharma-oem-curifylabs-lands-14m-series-a/"><span class="s1">Curify Labs raises $14M for 3d printed medicine</span></a></span></p> <p class="p2"><span class="s2">54:29 – <a href="https://3dprint.com/327032/fabri-raises-13-5-million/"><span class="s1">Fabri raises $13.5M<span class="Apple-converted-space"> </span>to create digital foundry from Raytheon, Lockheed Martin</span></a></span></p> <p class="p2"><span class="s2">55:49 – <a href="https://3dprint.com/327105/foundation-alloy-raises-22m-for-solid-state-molybdenum/"><span class="s1">Foundation Alloy raises $22M for metal powders</span></a></span></p> <p class="p1">57:22 – Thanks again to Matthias for joining, thanks to you for listening, and hold on to your seats for the AI wave!</p> <p class="p1">59:03 – Disclaimer</p> <p class="p1"><b>Disclaimer:</b><b></b></p> <p class="p1"><i>This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing stated on this podcast constitutes a solicitation, recommendation, endorsement, or offer by the hosts, the organizer or any third-party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. The information on this podcast is of a general nature that does not address the circumstances and risk profile of any individual or entity and should not constitute professional and/or financial advice. Referenced transactions are sourced from publicly available information.</i><i></i></p> <p class="p1"><i>Danny Piper is a registered representative of Finalis Securities LLC, member FINRA/SIPC. This material has been prepared for information and educational purposes only, and it is not intended to provide, nor should it be relied on for tax, legal, or investment advice. Investors should consult with their own tax, legal, and financial professionals before investing. Real estate investments are generally highly risky. They can be volatile, unpredictable, illiquid, and are subject to ebbs and flows and market shifts. Investors also risk the loss of all principal investments.</i></p>

June 15, 2026
Printing Money Episode 39: Q1 2026 Public Markets 3D Printing Earnings Analysis with Troy Jensen, Cantor Fitzgerald
<p>Welcome to <i>Printing Money </i>Episode 39, (or, “The one where they all went to market”).<span class="Apple-converted-space"> </span>It’s that quarterly time, so Troy Jensen (Managing Director, <a href="https://www.cantor.com/"><span class="s1">Cantor Fitzgerald</span></a>) joins Danny for a review and analysis of the Q1 2026 public 3DP/AM company earnings.</p> <p>Episode 39 opens with a nod to the recent spate of positive financings and M&A outcomes for 3DP/AM companies. Danny and Troy review the reasons for this, but they are sure to curb their enthusiasm as a mega-IPO cycle is imminent which could dry up liquidity for smaller players such as…<span class="s1">all</span> 3DP/AM companies!</p> <p>Next, to the heart of things. Danny and Troy analyze the Q1 2026 reports for Stratasys (SSYS), 3D Systems (DDD), Velo3D (VELO), Materialise (MTLS), Xometry (XMTR) and Protolabs (PRLB). Included in the analysis is coverage of many of these firms’ significant financings or transactions. Tune in for analysis of Stratasys’ Markforged acquisition, 3D Systems’ cash raise, Velo’s cash raise, Xometry’s cash raise, Materialise’s stock buyback,<span class="Apple-converted-space"> </span>and more.</p> <p>The public markets 3DP/AM players are in a better place, with stronger balance sheets and increased optionality. Good times may indeed be ahead, but smart <a href="http://additivemanufacturingstrategies.com/"><span class="s1">Additive Manufacturing Strategies</span></a> will be needed to execute properly and deliver value.</p> <p>Please enjoy Episode 39 and check out our <a href="https://podcasts.apple.com/us/podcast/printing-money/id1677763311"><span class="s1">previous episodes</span></a> too.</p> <p class="p1"><i>This episode was recorded June 9, 2026.</i></p> <p class="p1"><b>Timestamps</b>:</p> <p class="p1">00:13 – Welcome to Episode 39, and welcome back to Troy Jensen (Cantor Fitzgerald)</p> <p class="p2"><span class="s1">00:46 – <a href="https://3dprint.com/326517/3d-printing-financials-capital-raises-portfolio-reshuffling-and-market-pressure/"><span class="s2">Healthy 3DP/AM M&A and Financings are back</span></a></span></p> <p class="p1">01:55 – Troy’s general perspective on recent 3DP/AM deals</p> <p class="p1">03:00 – Strike while the iron is hot</p> <p class="p1">03:42 – <a href="https://3dprint.com/326801/spacex-ipo-puts-a-major-3d-printing-powerhouse-on-wall-street/">SpaceX vacuum</a>? (and Anthropic, and OpenAI) What these mega-IPOs mean for 3DP/AM companies in H2 2026</p> <p class="p2"><span class="s1">06:15 – <a href="https://3dprint.com/325959/3d-printing-financials-stratasys-bets-on-defense-and-drones-as-printer-sales-slow/"><span class="s2">Stratasys (SSYS) Q1 2025 earnings and Markforged acquisition analysis</span></a></span></p> <p class="p1">12:44 – Can Stratasys unlock Markforged value with in-house IP from Arevo and 9T Labs?</p> <p class="p2"><span class="s1">14:47 – <a href="https://3dprint.com/326085/3d-printing-financials-3d-systems-returns-to-growth-in-q1-2026/"><span class="s2">3D Systems (DDD) Q1 2026 earnings and $50M secondary analysis</span></a></span></p> <p class="p2"><span class="s1">19:52 – <a href="https://3dprint.com/326084/3d-printing-financials-velo3d-revenue-up-fueled-by-defense-momentum/"><span class="s2">Velo3D (VELO) Q1 2026 earnings, $50M secondary, and $100M ATM analysis</span></a></span></p> <p class="p2"><span class="s1">25:52 – <a href="https://3dprint.com/325926/3d-printing-financials-materialise-improves-margins-despite-flat-revenue/?utm_source=dlvr.it&utm_medium=linkedin"><span class="s2">Materialise (MTLS) Q1 2026 earnings, stock buyback, and spinouts analysis</span></a></span></p> <p class="p2"><span class="s1">32:43 – </span><span class="s3">Xometry (XMTR) and Protolabs (PRLB) surging on Q1 2026 earnings; XMTR $225M secondary</span></p> <p class="p1">35:29 – Good times ahead?<span class="Apple-converted-space"> </span>Strong balance sheets auger a need for <a href="http://additivemanufacturingstrategies.com/"><span class="s2">smart additive manufacturing strategies</span></a></p> <p class="p1">36:55 – Thanks very much to Troy for joining, and thanks very much to you for listening!</p> <p class="p1">37:21 – Disclaimer</p> <p class="p1"><b>Disclaimer:</b><b></b></p> <p class="p1"><i>This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing stated on this podcast constitutes a solicitation, recommendation, endorsement, or offer by the hosts, the organizer or any third-party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. The information on this podcast is of a general nature that does not address the circumstances and risk profile of any individual or entity and should not constitute professional and/or financial advice. Referenced transactions are sourced from publicly available information.</i><i></i></p> <p class="p1"><i>Danny Piper is a registered representative of Finalis Securities LLC, member FINRA/SIPC. This material has been prepared for information and educational purposes only, and it is not intended to provide, nor should it be relied on for tax, legal, or investment advice. Investors should consult with their own tax, legal, and financial professionals before investing. Real estate investments are generally highly risky. They can be volatile, unpredictable, illiquid, and are subject to ebbs and flows and market shifts. Investors also risk the loss of all principal investments.</i></p>

May 18, 2026
Printing Money Episode 38: Additive Manufacturing Deal Analysis with Rajeev Kulkarni
<p>Welcome to <i>Printing Money </i>Episode 38. <a href="https://www.linkedin.com/in/rajeevkulkarni/"><span class="s1">Rajeev Kulkarni</span></a> returns for this episode, and we find it hard to believe it’s been nearly two years since his <a href="https://3dprint.com/311700/printing-money-episode-20-additive-manufacturing-ma-and-more-with-rajeev-kulkarni/"><span class="s1">first appearance</span></a>.<span class="Apple-converted-space"> </span>In the interim, one of Rajeev’s three focus-companies (<a href="https://3dprint.com/320463/pac-dent-buys-ackuretta/"><span class="s1">Ackuretta</span></a>) was acquired in a positive outcome and the other two (<a href="https://axtra3d.com/"><span class="s1">Axtra3D</span></a> and <a href="https://www.caracol-am.com/"><span class="s1">Caracol</span></a>) have experienced significant growth and fundraising.</p> <p>Episode 38 begins with a look at Rajeev’s career and current work. From there, Danny and Rajeev set the stage by reviewing last month’s <a href="https://www.rapid3devent.com/"><span class="s1">RAPID</span></a> event in Boston and highlighting certain trends there that are playing out in real-time in the 3DP/AM M&A and financing world.</p> <p>Did we say 3DP/AM M&A and financing? This episode tips the scales at just over one hour of 3DP/AM deals galore, so please enjoy <i>all</i> the nuggets of knowledge and analysis. Themes include private equity’s deepening embrace of the AM services business, notable transactions from publicly traded companies, ongoing developments in the Nano Dimension telenovela, validated speculation about EOS’ acquisition trail, and a number of impressive VC rounds and strategic investments.</p> <p>Please enjoy Episode 38 and check out our <a href="https://podcasts.apple.com/us/podcast/printing-money/id1677763311"><span class="s1">previous episodes</span></a> too.</p> <p>This episode was recorded May 12, 2026.</p> <p><strong>Timestamps:</strong></p> <p class="p1">00:13 – Welcome to Episode 38, and welcome back to Rajeev Kulkarni</p> <p class="p1">00:38 – Rajeev’s career at 3D Systems (DDD) and his current work at Axtra3D, Caracol, and more</p> <p class="p1">05:48 – Workflow considerations for 3DP/AM business growth</p> <p class="p1">07:00 – <span class="s1">RAPID 2026</span> review: Smaller, More focused, New leadership, Defense and Drones, LPBF dominance</p> <p class="p1">08:52 – Real market growth, not evenly distributed</p> <p class="p1">11:16 – For OEMs, it’s time to polarize your products</p> <p class="p1">14:15 – Bullish M&A trends for 3DP/AM</p> <p class="p2"><span class="s2">14:47 – <a href="https://3dprint.com/322369/sintokogio-buys-boschs-ceramics-unit-plans-global-am-expansion/"><span class="s1">AFM acquires Incodema3D</span></a></span></p> <p class="p2"><span class="s2">15:32 – <a href="https://www.i3dmfg.com/i3d-news-press/i3d-acquires-burloak-technologies/"><span class="s1">BTX Precision subsidiary I3D acquires Burloak from Samuel</span></a> (breaking news as of this recording date!)</span></p> <p class="p2"><span class="s2">21:18 – <a href="https://www.metal-am.com/prodways-group-to-sell-software-business-for-e35m/"><span class="s1">Prodways (PWG.PA) sells its software business for EUR 35M</span></a></span></p> <p class="p2"><span class="s2">25:12 – <a href="https://3dprint.com/324971/3d-printing-news-briefs-4-2-2026/"><span class="s1">Materialise (MTLS) transferring its RapidFit business to management team</span></a></span></p> <p class="p2"><span class="s2">30:56 – <a href="https://3dprint.com/325057/analysis-nano-dimension-sells-additive-manufactured-electronics-business/"><span class="s1">Nano Dimension (NNDM) sells its AM Electronics business for not very much, and to a co-founder of… Nano Dimension</span></a></span></p> <p class="p1">35:36 – What will come of what’s left at Nano Dimension?</p> <p class="p2"><span class="s2">36:30 – </span><a href="https://3dprint.com/325212/alloy-enterprises-is-being-acquired-as-am-consolidation-continues/"><span class="s3">Johnson Controls (JCI) acquiring Alloy Enterprises</span></a></p> <p class="p2"><span class="s2">41:09 – <a href="https://3dprint.com/325317/eos-buys-metalpine-but-whats-behind-the-move/?utm_source=dlvr.it&utm_medium=linkedin"><span class="s1">EOS acquires Metalpine</span></a></span></p> <p class="p2"><span class="s2">42:11 – <a href="https://www.tctmagazine.com/amnovis-acquires-westconn-precision-technologies-sets-up-north-american-operation/"><span class="s1">Amnovis acquires Westconn</span></a></span></p> <p class="p2"><span class="s2">44:37 – <a href="https://3dprint.com/324754/tethon-3d-buys-fortify-ip/"><span class="s1">Tethon3D acquires Fortify3D IP</span></a></span></p> <p class="p2"><span class="s2">48:33 – <a href="https://techcrunch.com/2026/02/19/freeform-raises-67m-series-b-to-scale-up-laser-ai-manufacturing/"><span class="s1">Freeform raises $67M Series B</span></a></span></p> <p class="p2"><span class="s2">50:53 – <a href="https://www.axios.com/pro/all-deals/2026/04/29/firestorm-labs-mobile-drone-factory-container-magy"><span class="s1">Firestorm raises $82M Series B</span></a></span></p> <p class="p2"><span class="s2">55:06 – <a href="https://3dprint.com/323893/3d-printed-orthopedic-device-startup-nanochon-closes-11-3m-oversubscribed-seed-round/"><span class="s1">Nanochon closes $4.1M Seed Round</span></a></span></p> <p class="p2"><span class="s2">57:11 – <a href="https://3dprint.com/325000/chemical-manufacturer-kureha-makes-strategic-investment-in-z-polymers-advanced-3d-printing-materials/"><span class="s1">Kureha invests in Z-Polymers</span></a></span></p> <p class="p2"><span class="s2">59:57 – <a href="https://3dprint.com/325703/cantor-fitzgerald-behind-velo3d-raise-and-elmet-ipo/"><span class="s1">Velo3D (VELO) $50M private placement offering</span></a></span></p> <p class="p1">1:01:50 – Thanks again to Rajeev, and thanks to you for listening!</p> <p><strong>Disclaimer:</strong></p> <p>This content <i>is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing stated on this podcast constitutes a solicitation, recommendation, endorsement, or offer by the hosts, the organizer or any third-party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. The information on this podcast is of a general nature that does not address the circumstances and risk profile of any individual or entity and should not constitute professional and/or financial advice. Referenced transactions are sourced from publicly available information.</i><i></i></p> <p>Danny Piper <i>is a registered representative of Finalis Securities LLC, member FINRA/SIPC. This material has been prepared for information and educational purposes only, and it is not intended to provide, nor should it be relied on for tax, legal, or investment advice. Investors should consult with their own tax, legal, and financial professionals before investing. Real estate investments are generally highly risky. They can be volatile, unpredictable, illiquid, and are subject to ebbs and flows and market shifts. Investors also risk the loss of all principal investments.</i></p>
40 total episodes available
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