Sven Rens, Alumnus of the Executive MBA in Innovation & Business Creation and CFO of Mr Beam Lasers, and his team have announced that Falk Strascheg Holding / EXTOREL has acquired a stake in Mr Beam Lasers GmbH in a seven-digit Series A financing round.

Mr Beam Lasers GmbH, headquartered in Munich, Germany, is a pioneer in the field of Desktop Lasercutters. The seven-digit financing round will provide growth capital for the expansion of production capacity and expansion within the DACH region. In addition, new functions and applications for the smart software of the device will be developed.

The company was founded in 2014 and has so far financed itself very successfully by means of crowdfunding. The company intends to grow strongly in the coming months and double the number of employees by the end of 2018. A special focus here is on the expansion of the
sales and software development team.