Hampshire's AMufacture poised for further growth after Maven investment

By Giles Gwinnett

22 December 2023

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Fareham-based advanced manufacturing firm AMufacture has secured a seven figure investment from private equity group Maven to help it grow.

The company specialises in additive manufacturing/3D printing and design services.

Its solutions are used across the marine, automotive, renewable energy, sports and healthcare sectors and mean complex parts can be delivered in volume without needing to rely on global supply chains.

The investment from Maven's Venture Capital Trusts (VCTs) will provide the necessary capital for AMufacture to buy additional 3D printing technology to build out capacity and capitalise on the demand for specialist additive manufacturing.

"Partnering with Maven will enable AMufacture to consolidate our industry leading contract manufacturing position specialising in additive manufacturing," said Craig Pyser, co-founder and CEO at AMufacture.

"It is not often that you encounter an investor that shares the vision and ambitions that align with your own but Maven understood our mission from day one. This capital and support from Maven means we now have the resources to expand our capacity and meet our significant demand and growing order book.

"Additive manufacturing is transforming the way parts are designed and made and with increased market acceptance, we are excited to be at the forefront delivering that change."

Jonathan Oliver, investment manager at Maven, added: "AMufacture provides a differentiated, service-led proposition in an expanding market and the demand from new and existing customers sets out a clear pathway to growth.

"Capital constraints are often at the heart of ambitious companies not fulfilling their potential, but we are confident that our investment to help the business increase its scope and capabilities, alongside the strong management team with extensive sector experience, will help AMufacture achieve significant revenue scale."

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By Giles Gwinnett

Giles Gwinnett is a writer at The Business Magazine. He has been a journalist for more than 20 years and covered a vast array of topics at a range of media settings - in print and online. After his NCTJ newspaper training, he became a reporter in Hampshire before moving to a news agency in Gloucestershire. In recent years, he has been covering the financial markets along with company news for an investor-focused web portal. His many interests include politics, energy and the environment. He lives in Dorset.