Xometry Expands its Teamspace Collaboration Solution Beyond the US to Further Enhance Offerings for Enterprise Customers | XMTR Stock News

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Jul 09, 2025
  • Xometry, Inc. (XMTR, Financial) expands its Teamspace collaboration solution to Europe, UK, and Turkey.
  • Over 7,000 teams have been established in the US since its launch, validating the platform's success.
  • Key features include real-time order visibility, personalized notifications, and tools for operational efficiency.

Xometry, Inc. (XMTR), the AI-powered global manufacturing marketplace, has announced the expansion of its Teamspace collaboration solution to Europe, the UK, and Turkey. Teamspace is a cloud-based platform designed to facilitate enterprise collaboration on projects and custom part orders. This expansion marks a significant step in Xometry's strategy to enhance enterprise engagement and drive buyer growth globally.

Since its US launch, Teamspace has seen considerable traction, with over 7,000 teams created by Q1 2025. The platform's expansion aims to address increasing market demands for structured and scalable manufacturing solutions by offering real-time visibility and control over orders, as well as personalized user notifications and efficiency tools tailored for distributed teams dealing with complex, high-volume custom part orders.

This strategic move is intended to deepen enterprise customer engagement while supporting long-term growth across Xometry's international marketplace. Dmitry Kafidov, Managing Director of Xometry Europe, highlighted the platform's ability to elevate the sourcing process, making it more efficient and transparent for enterprise users.

According to Lee James, Operations Manager at Red Dot Corporation, a global HVAC manufacturer, Teamspace effectively enhances speed, transparency, and control for project management with Xometry, making it a valuable tool for their team operations. This expansion is expected to create structural switching costs, improve customer retention, and potentially increase order volume as more stakeholders within organizations utilize the platform.

For more information on the Teamspace expansion, interested parties can visit Xometry Europe, Xometry UK, and Xometry Turkey websites.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.