Chromatic 3D Materials Announces Close Of New Financing Round
PRIVATENov 12, 2021
Round Type
Funding Round
Golden ValleyManufacturingInformation TechnologyHardwareSoftwareConsumer Electronics
Description
Today Chromatic 3D Materials, a leading reactive 3D-printing startup and inventor of the next generation of 3D printing materials, announced the close of an additional financing round of more than $5 million, with funding being led by Embedded Ventures, a new venture capital firm investing in dual-use space startups beyond launch. This round included participation from Golden Seeds, a firm focusing on female-led companies, and Oyat Invest AG, who also led Chromatic's previous financing. With headquarters in Minnesota, United States and the North Rhine-Westphalia region of Germany—where Chromatic has been active in developing accounts in the defense, rail and industrial-equipment sectors—this round will help Chromatic continue commercial introduction of its proprietary technology for 3D printing industrial-grade elastomeric materials and fund its integrated team.
Company Information
Company
Chromatic 3D Materials
Location
684 Mendelssohn Ave N
Golden Valley, Montana, United States
About
Chromatic 3D Materials was founded in 2016 by Cora Leibig, PhD. A veteran of the materials industry, Leibig realized that many materials crucial to medicine, defense, industrial equipment, and vehicles were not yet viable for 3D printing. With that in mind, she built a company to deliver the materials, software, and printers required to 3D print durable, functional and flexible elastomers. The Chromatic team has also been active in developing accounts in the rail and industrial-equipment sectors in Germany. Chromatic was awarded Phase I and II SBIR grants from the National Science Foundation in 2017 and 2019, respectively.
Fundz sees it the moment Chromatic 3D Materials raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.