Evolution AM Holdings secures £400,000 growth loan
Summary
Our experienced team is dedicated to pushing the boundaries of innovation and technology, ensuring that we can be leaders in this vibrant industry, and were delighted to work with the team at FSE as we scale for further growth, said Jake Hand, Group Managing Director at Evolution AM Holdings.We are thrilled to fund this young and dynamic business as it continues to leverage its strengths, which include a strong track record of sales, a robust R&D pipeline, and fully owned intellectual property. The commitment to innovation and strategic approach to growth makes Evolution AM an ideal portfolio addition, and we look forward to seeing their continued success in the 3D printing space, said Rob Ward, FSE Investment Manager for the deal.Since their inception in 2021 and 2023, Evo 3D and Rapid Fusion have both experienced significant growth. The parent company forecasts an increase to approximately \xa36 million turnover in the next three years.The secured loan will facilitate the creation of skilled jobs within the local area. Evolution AM says it is committed to building sought-after solutions across a range of sectors and applications, aspiring to become the market leader in innovation and technology within the 3D printing industry.The South West Investment Fund is here to unlock the potential of ambitious businesses across the region, and Evolution AM is a great example of that. Were proud to support their journey as they scale, create skilled jobs, and push the boundaries of whats possible in additive manufacturing, said Paul Jones, Senior Investment Manager at the British Business Bank.The purpose of the South West Investment Fund is to drive sustainable economic growth by supporting innovation and creating local opportunities for new and growing businesses across the South West.