Shift, Europe’s Largest On-Demand Manufacturing Marketplace, was acquired by Xometry

December 3, 2019

Xometry, the U.S.-based marketplace for on-demand manufacturing, has acquired Munich-based Shift, the largest on-demand manufacturing marketplace in Europe. Through the acquisition, Xometry will accelerate its international expansion into 12 new countries, leveraging a worldwide network of over 4,000 manufacturers.

Shift has built the largest on-demand manufacturing network in Europe and a customer base that includes some of the leading manufacturing companies.  Shift will operate as Xometry Europe and continue to be headquartered in Munich, Germany.

Xometry has raised $118 million since it was founded in 2013. Over the past two years, the company has grown from 100 employees to over 300 while more than doubling revenue each year.

TA Ventures invested in Shift in August 2019 and only a short time after investing, Shift was acquired. TA Ventures has become a shareholder of Xometry Europe.