MAPLE PLAIN, Minn. — Proto Labs, Inc. announces that North Bridge Growth Equity (NBGE) has made a minority investment of $52 million in the company. The capital will be used to help fund Proto Labs’ growth initiatives, while providing liquidity to shareholders.
“We are excited to partner with North Bridge to accelerate the growth we have enjoyed since Larry Lukis founded Proto Labs in 1999,” said Brad Cleveland, President and CEO of Proto Labs. “Because our past success and future growth depends on our proprietary technologies and manufacturing software, we sought an investment partner who understands both the opportunities and challenges of expanding our industry-leading capabilities and increasing our presence in Europe and Asia. North Bridge tops the list of partners for their experience as investors in technology and their approach to partnership as an active, value-add investor.”
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