Xometry, the U.S.-based marketplace for on-demand manufacturing that raised $55 million in Series D funding this summer, has acquired Munich-based Shift as a path to European expansion.
Exact terms of the deal remain undisclosed, although the exit sees at least some of Shift’s investors, such as Cherry Ventures, picking up shares in Xometry . I also understand the Shift team is staying on and the company’s founders, Albert Belousov, Dmitry Kafidov and Alexander Belskiy, will now be heading up Xometry’s newly formed European business.
Specifically, via this acquisition, Xometry says will accelerate international expansion into…
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