Other Machine Co. closes Series A at $3M

Other Machine Co, a maker of desktop manufacturing machines, has closed an oversubscribed $3 million Series A from a group of angels and VCs. Investors include Core Ventures Group, Slow Ventures and Allegro Venture Partners among others.

PRESS RELEASE

Other Machine Co., maker of
desktop manufacturing machines and “what you see is what you make” (WYSIWYM) software
applications, is on its way to Washington DC today for the first ever White House Maker Faire.
Other Machine Co. (OMC) also announced the closing of an oversubscribed
$3 million Series A
from a group of seasoned angels and VCs. The investors, who bring a wealth of experience to
OMC, include Broadway Angels’ Sonja Perkins and Joanna Drake Earl; Jonathan Bachrach
(Berkeley, EECS); CrunchFund; Tim O’Reilly (Founder & CEO, O’Reilly Media); Chris Anderson
(CEO, 3DRobotics); Tony Hseih’s VegasTechFund; Core Ventures Group; Dave Morin’s Slow
Ventures; Allegro Venture Partners; and Carl Bass (CEO, Autodesk).
“Our strategy in raising this round was to bring together a group of early stage investors
who are passionate about our potential to impact the manufacturing sector, can lend their deep
operational expertise as we scale, and have incredibly broad networks,” said Danielle Applestone
PhD, CEO of Other Machine Co. “In particular, the partnership between the OMC team and
Broadway Angels represents an inspiring and unique collaboration that shows the impact that
angel investing can have on startups who are taking on big industries,” said Applestone.
Broadway Angels Helps Close Round
Broadway Angels, a group of angel investors with exceptional experience in venture
capital and industry, was a major participant in the $3 million round.
“Broadway Angels loves OMC because it is disrupting small manufacturing in the U.S. in
a big way,” said Sonja Perkins, founder, Broadway Angels. “With OMC, rapid iteration and
smallbatch
manufacturing is no longer prohibitively expensive. Its first hardware product,
“Othermill” enables affordable and easytouse
desktop manufacturing. We love the simplicity of
their software,” said Perkins.
Manufacturing on Every Desktop
From a DARPA grant, to crowdfunding through a successful Kickstarter campaign for the
Othermill, OMC was built on the idea that everyone should have access to professionalquality,
affordable manufacturing tools on their desktops. OMC products are not just for engineers: they
are for people to use at home, school, and work. Perfect for electronics, crafts, and other
projects, the Othermill cuts out 3D objects from durable materials such as wood, metal, and
circuit boards. For circuit board makers, the Othermill cuts production time by providing rapid
iteration and manufacturing capabilities on the desktop – all without having to learn new design
tools.
“The movement from mass production towards smallbatch,
local manufacturing is a
trend we’ve been watching for some time,” said Pat Gallagher, General Partner of CrunchFund,
“OMC products allow people with a wide range of skills and interests to access highprecision
industrial techniques for the first time.”
OMC Goes to The White House
OMC is honored to participate in the firstever
White House Maker Faire, hosted by
President Barack Obama, which will feature Makers, innovators, and entrepreneurs of all ages
who are using cuttingedge
tools to bring their ideas to life. OMC’s ecosystem of hardware,
software, and community is a perfect fit for the White House Maker Faire, as it drives the
desktop manufacturing movement forward and enables individuals working in electronics,
product design, and highprecision
craft to do more than they thought possible.
About Other Machine Co.
Other Machine Co. (OMC) is at the forefront of the digital desktop manufacturing movement,
because the future is smallbatch,
ultracustomized,
and ondemand.
OMC transforms industrial
tools into consumer products and aims to put them in every home and business. OMC has
created an ecosystem of computercontrolled
hardware, software, marketplace, and community
that enables everyday people to directly harness the power of modern manufacturing.
About Broadway Angels
Broadway Angels helps passionate entrepreneurs turn ideas into thriving companies. Founded
by veteran venture capitalist, Sonja Perkins, Broadway Angels is a group of worldclass
investors who bring together a wealth of venture capital and Clevel
operational expertise.
Broadway Angels’ track record is outstanding: over 60% of our portfolio has raised venture
capital. An allfemale
investor group, Broadway Angels brings diverse perspectives to its portfolio
companies and is committed to helping entrepreneurs succeed. Learn more at:

http://www.broadwayangels.

com.
###

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