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TRALEE-BASED company Wazp has raised €2m in funding as it bids to become the world’s largest supplier of 3D-printed consumer products.
Wazp was established by Shane Hassett and Mariana Kobal in 2014 with the goal of making 3D printing accessible to everyone.
They have since helped develop Ikea’s first mass-produced 3D-printed product. Other customers include Next and Puma. It currently employs 14 people.
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The Irish Times is reporting today that the former Glanbia managing director John Moloney and Pa Nolan, a serial tech investor are among the number of backers.
Wazp had previously raised €1 million from backers including Enterprise Ireland. The latest investment will be used to solidify their footprint in Europe and expand production capabilities into the US over the next two years.
The company is expecting strong growth in the coming years and its turnover has grown at least five times every year for the last three years. It expects to continue that trend this year and in 2020.
