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iCOMAT raises $22.5M in a Series A funding round led by 8VC and NATO Innovation Fund to automate composites manufacturing
PRIVATEJun 05, 2024•about 2 years ago
Amount Raised
$22.5 Million
Round Type
Series A
GloucesterManufacturingAutomotiveAerospaceInvestors
Velocity Partners VcSolvay VenturesNato Innovation Fund8VC
Description
iCOMAT, a pioneer in advanced composite manufacturing, announced the successful closure of its Series A funding round, securing $22.5 million in capital. The round was led by 8VC, and co-led by NATO Innovation Fund.
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1 contactFunding Insights
Based on industry dataTypical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech