Funding will accelerate the adoption of Mosaic’s advanced automated additive manufacturing platforms by industry-leaders
- Funding expedites global expansion and operational growth
- Additive manufacturing is addressing critical supply-chain problems for manufacturers including sustainability and resilience
- The Array, a factory-connected and automated FFF additive manufacturing system, enables cost, reliability, and scale for production applications
Toronto, Ontario - Mosaic Manufacturing Ltd. announced today the closing of a $28(CAD) million financing round led by Idealist Capital. This funding will be used to further expand the adoption of the company's automated additive manufacturing platforms on the factory floor. This milestone comes at a time when manufacturers are facing immense pressure to evolve: consumers are demanding cheaper, more sustainably made products, and global supply chains struggle to remain operational in the face of unprecedented economic and geopolitical challenges.
"We're proud to partner with our customers in building more resilient, sustainable supply chains powered by Mosaic’s Array. This funding enables us to expand our impact as we deepen our presence in factories across the globe"
– Mitch Debora, CEO, Mosaic Manufacturing.
Founded in 2014, Mosaic has expanded its breakthrough multi-material 3D printing technology into a comprehensive ecosystem of additive manufacturing solutions, empowering leading global companies to reimagine and modernize their polymer supply chains. By leveraging one of the most proven and reliable additive manufacturing techniques—fused filament fabrication (FFF)—Mosaic's flagship product, Array, integrates patented hardware, automation, and software into a powerful industrial 3D printing platform that delivers the flexibility, cost efficiency, and throughput required for real-world manufacturing applications.
Mosaic’s Array; A fully automated multi-material additive manufacturing platform
Having shipped 15,000+ hardware products into the market, the team at Mosaic has leveraged customer feedback and their strong IP portfolio around automated additive processes to build the next-generation of additive manufacturing tools that can achieve part production at scale, at an unprecedented price point.
“The ability to develop and produce custom plastic parts at scale, on our factory floor, is great for our business and new client acquisition.”
- James McColl, Senior Program Manager Microart Services Inc.
Parts printed on the Array being visually inspected at Microart Services
Mosaic is powering factory floor production for industry leaders in logistics, consumer apparel, defense, education, and contract manufacturing with exciting partnerships being announced in the coming months.
This financing was led by Idealist Capital with follow-on participation by Freycinet Ventures.
“Mosaic’s focus on throughput, quality and cost-efficiency is unlocking novel applications for additive manufacturing while significantly reducing the often-overlooked waste produced by conventional manufacturing processes,” said François Boudreault, Partner at Idealist Capital. “Idealist Capital is proud to partner with Mosaic’s team who is driving sustainable manufacturing and supply chain resiliency.”
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National security concerns, geopolitical risks, and global supply-chain disruptions have accelerated investments in domestic manufacturing capabilities. However, simply scaling legacy manufacturing infrastructure won’t be enough to address the vulnerabilities and environmental impact of current systems. Mosaic is building tools for a more sustainable solution—one that harnesses automation, a software-driven digital workflow, and additive manufacturing technology, to localize part production. This approach allows for the creation of high-quality goods where they are needed, offering competitive part economics while reducing reliance on traditional, resource-intensive, and environmentally damaging production methods.
With this funding, Mosaic will be able to further extend its leadership position in this frontier space while expanding partnerships with customers looking to build future-ready sustainable supply chains. Past investors in Mosaic’s earlier rounds include Techstars, Real Ventures, SOAN as well as the support from several organizations including DDQIC, NGen, IRAP, MaRS, OCE, Venture Lab, CTA, and Canada Makes. Over the next few years, by deploying Array systems in factories worldwide, Mosaic will enable manufacturers to produce the goods we need closer to where they are needed.
About Mosaic
Mosaic is building the tools to make manufacturing more sustainable and resilient. With flexible and automated additive manufacturing platforms, we empower industries to create high-quality products on-demand where and when they are needed, reducing reliance on traditional, resource-intensive methods. Founded in 2014, Mosaic has scaled-up their patented multi-material 3D printing technology into a full ecosystem of additive manufacturing solutions that are enabling the world’s top companies to re-envision and modernize their polymer supply chains. To learn more visit https://www.mosaicmfg.com/
About Idealist Capital
Idealist Capital is an investment firm focused on accelerating the energy transition by providing growth capital to entrepreneurs with a primary focus on the Canadian market. Idealist Capital supports businesses whose activities enable positive climate impact across one of three themes – (i) the decarbonization of power supply, (ii) the electrification of transportation, and (iii) the decarbonization of industrials and circular economy. The Firm has a mandate to achieve excellent risk-adjusted returns while scaling solutions which are beneficial to the climate. Idealist Capital underwrites its carbon impact and integrates critical non-financial KPIs in its asset management process to build sustainable platforms. To learn more about Idealist Capital, visit Idealist Capital.
Press Enquiries
Catherine Notman
catherine@mosaicmfg.com