Dutch 3D printing company to acquire Link3D

LAFAYETTE — Materialise NV, a Dutch 3D printing company, has agreed to acquire Link3D Inc., a Lafayette-based manufacturing workflow management software company.

Link3D was a portfolio company of venture-capital firm AI Capital, which held its investment for a little more than a year.

“The planned Link3D exit is a validation of AI Capital’s investment focus on applied AI software companies that focus on the digitization of society and business,” AI Capital managing partner Neville Teagarden said in a prepared statement.

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Terms of the sale were not disclosed. 

“Our investment thesis didn’t waver during the pandemic; in fact, it was strengthened as COVID exposed the severe shortcomings in how businesses access and deliver critical goods and services,” Teagarden said. “Our experience and astute advisory team enabled us to quickly identify the severe limitations in legacy software that underpins how these goods and services are delivered and how that impacts businesses and society in a crisis.”

Editor’s note: This article has been updated to correctly reflect the relationship between Link3D and AI Capital.