Mosaic Manufacturing Secures $28 Million CAD to Drive Global Expansion and Enhance Supply Chain Sustainability

Financing to Boost Additive Manufacturing Ecosystem and Expand Beyond 15,000 Units Installed Globally
Toronto, Canada – October 14, 2024 – Mosaic Manufacturing Ltd., a leading innovator in additive manufacturing (AM), has successfully raised $28 million CAD in a funding round led by Idealist Capital, with participation from Freycinet Ventures. This significant investment will fuel Mosaic’s ambitious growth strategy, enabling the company to expand its market presence and strengthen global supply chain resilience, particularly in today’s complex geopolitical and economic environment.
Mosaic’s cutting-edge Array platform—a comprehensive ecosystem designed to streamline the production of polymer parts at scale—has already been adopted across multiple industries, including logistics, defense, consumer goods, and contract manufacturing. The company’s advanced fused filament fabrication (FFF) technology is helping manufacturers worldwide modernize their supply chains with sustainable and cost-efficient solutions.
“Our mission is to empower manufacturers by offering sustainable, flexible, and scalable production capabilities,” said Mitch Debora, CEO of Mosaic Manufacturing. “With this new funding, we will accelerate our efforts to revolutionize supply chains through our Array platform, enabling more companies to achieve greater resilience and sustainability.”
Transforming Manufacturing with Digital Innovation
Founded in 2014, Mosaic Manufacturing has played a pivotal role in transforming the additive manufacturing space with its proprietary multi-material 3D printing technology. With over 15,000 units already deployed globally, the company continues to innovate its product lineup based on real-world customer feedback and its robust intellectual property portfolio.
The Array platform integrates hardware, automation, and software to offer manufacturers the flexibility, reliability, and cost-efficiency needed for mass production. Its ability to produce custom plastic parts on-demand is helping businesses reduce dependency on traditional supply chains, lower environmental impact, and improve operational efficiency.
“Having the capability to produce high-quality, customized plastic components directly on our factory floor has been a game-changer,” said James McColl, Senior Program Manager at Microart Services Inc. “Mosaic’s technology has not only enhanced our internal operations but also opened new doors for client acquisition.”
A Step Toward Sustainable Supply Chains
Idealist Capital’s Partner, François Boudreault, emphasized the importance of Mosaic’s role in fostering sustainable manufacturing practices. “Mosaic’s focus on reducing waste, enhancing throughput, and maintaining high quality while keeping costs down is reshaping the possibilities of additive manufacturing. Their approach is addressing the critical need for domestic manufacturing and localized production, which is more relevant than ever given global supply chain disruptions.”
This funding marks a major milestone for Mosaic as it continues to drive the digitalization of manufacturing processes. The company’s solutions are designed to localize part production, mitigating supply chain vulnerabilities while minimizing environmental impact.
Looking Ahead
With fresh capital secured, Mosaic plans to deepen its presence in manufacturing facilities worldwide and build on its existing partnerships. The company aims to expand its range of innovative additive manufacturing solutions, helping more industries modernize and future-proof their operations.
Previous investors in Mosaic include Techstars, Real Ventures, and SOAN, with support from industry organizations such as DDQIC, NGen, and Canada Makes.
For more information about Mosaic Manufacturing and its latest developments, visit mosaicmanufacturing.com.