Funding will enable the additive manufacturer to scale its operations to meet increasing market demand for its services.

London, 21 December 2023: Maven Capital Partners (‘Maven’), one of the UK’s most active SME investors in growing businesses, has completed a £1.05 million investment in AMufacture, a contract manufacturer specialising in additive manufacturing/3D printing and design services.

Fareham-based AMufacture collaborates with clients to provide value-added in-house manufacturing and associated services for 3D printed parts, composite tooling, as well as computer-aided design (CAD) and design optimisation. Its innovative solutions and engineering expertise are used across a range of industries including the marine, automotive, renewable energy, sports and healthcare sectors, providing clients with a cost-effective, efficient and sustainable production solution with shorter lead times and the ability to deliver complex parts in volume without the need to rely on global supply chains or the limitations of conventional manufacturing.

AMufacture partners with businesses as an extension to their workflow, offering end-to-end production that ranges from project inception, consultation and design optimisation through to prototype, ramp-up and scale production. Parts are securely stored on AMufacture’s digital warehouse platform meaning reordering is seamless with full traceability throughout the process.

Maven’s investment will provide the business with the necessary capital expenditure to acquire additional 3D printing technology to build out its capacity and capitalise on demand for its specialist additive manufacturing capabilities.

The transaction in AMufacture represents the Maven VCTs’ eighth new investment in 2023, having backed businesses across a range of high-growth sectors including biotech and software.

Jonathan Oliver, Investment Manager at Maven, said;

“AMufacture provides a differentiated, service-led proposition in an expanding market and the demand from new and existing customers sets out a clear pathway to growth. Capital constraints are often at the heart of ambitious companies not fulfilling their potential, but we are confident that our investment to help the business increase its scope and capabilities, alongside the strong management team with extensive sector experience, will help AMufacture achieve significant revenue scale.”

Craig Pyser, Co-founder and CEO at AMufacture, added: 

Partnering with Maven will enable AMufacture to consolidate our industry leading contract manufacturing position specialising in additive manufacturing. It is not often that you encounter an investor that shares the vision and ambitions that align with your own but Maven understood our mission from day one. This capital and support from Maven means we now have the resources to expand our capacity and meet our significant demand and growing order book. Additive manufacturing is transforming the way parts are designed and made and with increased market acceptance, we are excited to be at the forefront delivering that change.”

Principals and key advisors to the transaction:

Legal: HCR (Maven); Lawrence Stephens (AMufacture)

Financial & Tax: Hazlewoods LLP

Insurance: Locktons LLP

VCT Opinions: Blears and Shoosmiths LLP