Chromatic 3D Materials Raises $3.1 Million To Expand Commercialization and Build Team
AUG. 15, 2023 — MINNEAPOLIS, MN — Chromatic 3D Materials, an additive manufacturing technology provider, has raised $3.1 million in an oversubscribed pre-financing round. More than half of the funds came from new investors. The funds will enable the company to further develop its technology, scale production, grow its sales and technology teams, and advance applications-related research and development with its partners in the transportation and defense industries.
“The success of our pre-financing round shows intense confidence in our business even amid a tough investment climate. We are pleased to see such a positive response from investors who share our vision of transforming manufacturing and supply chains with our adaptable printing system and industrial-grade materials," said Cora Leibig, founder & CEO.
In order to accelerate and expand commercialization, Chromatic will grow its organization by about 35% in the coming months. The company is actively recruiting software developers and additive manufacturing engineers in the US and Germany. It is also building up its sales teams.
Chromatic is in the early revenue stage and is preparing for a priced round later this year. To learn more, visit c3dmaterials.com.
About Chromatic 3D Materials
Chromatic 3D Materials is a 3D-printing technology company focused on more flexible, cost-effective, and sustainable manufacturing of industrial-strength elastomeric products. Its portfolio includes printable polyurethanes and other thermoset elastomers for applications in transportation, industrial seals and gaskets, textiles, medical devices, and defense. Chromatic’s RX-AM™ materials and technology platform is based on Reactive Extrusion Additive Manufacturing, a type of deposition 3D printing that uses chemical reactions. Founded in 2016 by CEO Dr. Cora Leibig, Chromatic now has facilities in the US and Germany. The company serves more than 50 customers and development partners globally. Visit c3dm.com to learn more.
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