Core Finance advised Zaxe on 8m TL growth investment led by KVK Group
Core Finance acted as the exclusive financial advisor to Zaxe on 8m TL growth investment by KVK Group, one of Turkey's largest technology companies and private investors Nevzat Aydın and Muzaffer Akpınar.
Founded in 2015 by Baki Gezgen and Aydonat Atasever, Zaxe offers the most advanced 3D printing solutions with an end-to-end ecosystem. Leveraging the investment, Zaxe plans to increase its sales network, enter new markets, accelerate growth, and enable more users to utilize its high-performance 3D printing technology.
General Manager Emre Akıncı stated “3D printers, which were initially used to create educational materials and prototype making in schools, can now be used for the production of final products trough additive manufacturing technique. One of the best examples of this has lately been the visors produced with 3D printers for healthcare professionals. The high interest which started during the epidemic period still continues. In addition, there is a large increase in the demand of home users for 3D printers. We strive to make the software very efficient and easy and fun to use in order to attract technically less savvy users. There are many content marketplaces for 3D printers where users can download modeled designs, from toys to machine spare parts and car accessories. They can print the downloaded models in 3D with our xDesktop software without any technical knowledge."
Alper Kiresepi, Managing Partner at Core, added: “We are delighted to have advised Zaxe and their founders as the company enters its next phase of growth. This investment will enable Zaxe team to build on their success to date and strengthen their leadership position in the market. We look forward to supporting the company as it continues to scale.”
This represents Core Finance's 4th transaction in 2020, following our recently completed deals including the acquisition of Atar Labs, leading cyber security SOAR platform by Micro Focus.