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§ Private Profile · Chicago, IL, USA
digital manufacturing company providing on-demand services for aerospace, medical & automotive, focused on industrial components.
Fast Radius is a Chicago, Illinois-based digital manufacturing company that provides on-demand production services, including 3D printing, CNC machining, and injection molding for industrial-grade components. Prior to its public market debut, the enterprise secured $61 million in total venture funding, highlighted by a $48 million Series B round, and grew its workforce to approximately 126 employees while generating $20 million in revenue. The manufacturer established strategic partnerships and customer relationships with notable entities such as UPS, Carbon, Rawlings, and Desktop Metal. The firm transitioned to the public markets in February 2022 through a merger with the special purpose acquisition company ECP Environmental Growth Opportunities. Following financial difficulties, the organization filed for Chapter 11 bankruptcy protection in November 2022. Fast Radius was founded in 2015 by Lou Rassey, Pat McCusker, John Nanry, and Bill King.
Fast Radius has raised $61.5M across 3 funding rounds.
Fast Radius has raised $61.5M in total across 3 funding rounds.
Fast Radius has raised $61.5M across 3 funding rounds. Most recently, it raised $500K Series B in July 2019.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 1, 2019 | $500K Series B | — | Alumni Ventures, Bascom Ventures, Drive Capital, Early Light Ventures, FirstMark Capital, F Prime Capital, Greycroft, Modern Venture Partners, NextView Ventures, Tiger Global Management, Alain Hanover, Clark Landry, Daren Cotter, David Yaffe, Jaffray Woodriff, JOI ITO | Announced |
| Apr 1, 2019 | $48M Series B | Scott Price | Drive Capital, Founder Collective, Hyde Park Venture Partners, Tiger Global Management, Clark Landry, Jump Capital, Skydeck | Announced |
| Nov 1, 2017 | $13M Series A | — | Drive Capital, Founder Collective, Hyde Park Venture Partners, Tiger Global Management, Clark Landry | Announced |
Fast Radius has raised $61.5M in total across 3 funding rounds.
Fast Radius's investors include Alumni Ventures, Bascom Ventures, Drive Capital, Early Light Ventures, FirstMark Capital, F-Prime Capital Partners, Greycroft, Modern Venture Partners, NextView Ventures, Tiger Global Management, Alain Hanover, Clark Landry.
Fast Radius is a Chicago-based digital manufacturing company specializing in cloud-based solutions for on-demand production of industrial-grade parts using additive manufacturing (like 3D printing), CNC machining, injection molding, urethane casting, and sheet metal.[1][2][3][4] It serves industries including aerospace, automotive, medical devices, consumer goods, industrial equipment, and electronics by solving supply chain inefficiencies through its Cloud Manufacturing Platform, which integrates design, prototyping, production, and global fulfillment via micro-factories and third-party networks for faster, more sustainable manufacturing.[1][2][3][4][5] The platform enables engineers to design, test, order, and ship parts flexibly, with growth momentum shown through venture backing, public listing (Nasdaq: FSRD), expansions to facilities in Atlanta, Louisville, and Singapore, and ambitions to build a $100+ billion cloud manufacturing leader.[1][2][3][4][7]
Fast Radius opened in 2015 as a venture-backed startup aspiring to produce industrial-grade components for airplanes, medical applications, and cars using additive manufacturing technologies.[4] It relocated in 2018 to a state-of-the-art headquarters in Chicago’s West Loop—named one of the world’s most innovative factories by the World Economic Forum—housing North America’s largest public install base of Carbon DLS 3D printers, alongside HP MJF and Stratasys FDM equipment.[2][4] Early traction came from partnerships like those with Carbon and Rawlings for 3D-printed baseball gloves, and Desktop Metal for binder jetting applications, while micro-factories proved vital during the pandemic for localized supply chain stability.[2] Investors including Energize Capital, Skydeck Capital, Drive Capital, and Jump Capital fueled its evolution into a comprehensive cloud platform by 2017, culminating in a public listing to leverage Industry 4.0 advancements.[1][5][7]
Fast Radius stands out in digital manufacturing through:
Fast Radius rides the Industry 4.0 wave of digital transformation in manufacturing, decentralizing production via cloud platforms to address legacy supply chain vulnerabilities like delays, high costs, and geopolitical risks.[1][5] Its timing aligns with surging demand for on-demand, localized manufacturing post-pandemic, enabling rapid prototyping and scaling amid reshoring trends and sustainability mandates.[2][5] Market forces favoring it include adoption of additive tech in high-precision sectors (aerospace, auto, medtech) and investor interest in disruptive platforms, as seen in partnerships with Aptiv and ambitions for a $100B+ ecosystem.[2][5] By integrating software with physical networks, it influences the ecosystem by accelerating product launches, fostering innovation (e.g., 3D-printed gloves), and paving the way for cloud-native supply chains that empower engineers globally.[1][2][3]
Fast Radius is positioned to dominate cloud manufacturing as platforms like Pro evolve with AI-driven DFM, expanded tiers, and deeper integrations, targeting smarter workflows amid rising demand for flexible, green production.[6] Trends like further reshoring, Industry 4.0 maturation, and sustainable tech will propel growth, potentially scaling its micro-factory network and Nasdaq-listed infrastructure to capture massive market share in a digitizing $12T+ global manufacturing sector.[1][3] Its influence may expand by standardizing cloud supply chains, influencing startups and incumbents alike—echoing its origins as a 2015 additive pioneer now bridging digital-physical divides for resilient innovation.[4][5]