Xometry, which operates an online marketplace for on-demand manufacturing, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
Xometry states that it is a leading AI-enabled marketplace for on-demand manufacturing, enabling buyers to efficiently source on-demand manufactured parts and assemblies, and empowering sellers of manufacturing services to grow their businesses. Its buyers include engineers, product designers, procurement and supply chain personnel, inventors, and business owners from businesses of a variety of sizes, ranging from self-funded start-ups to Fortune 100 companies. Since its inception, over 6.0 million parts have been manufactured through Xometry's platform.
The Derwood, MD-based company was founded in 2013 and booked $159 million in revenue for the 12 months ended March 31, 2021. It plans to list on the Nasdaq under the symbol XMTR. Xometry filed confidentially on April 14, 2021. Goldman Sachs, J.P. Morgan, UBS Investment Bank, Citi, BofA Securities, William Blair, and RBC Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.
