Impossible Objects, a Northbrook, Illinois-based 3D printer and materials company, raised $4.1m in funding.
The round, which brought total funding to more than $13m, was led by returning investor OCA Ventures.
The company, which had raised $6.4m in Series A funding in October 2017 from OCA Ventures, IDEA Fund Partners, Mason Avenue Investments, Huizenga Capital Management, and Inflection Equity Partners, intends to use the funds to continue to expand operations and its business reach.
Led by Founder and Chairman Bob Swartz, Impossible Objects is a 3D printer and materials company pioneering advancements in the additive manufacturing and composites manufacturing industries. Its proprietary composite-based additive manufacturing (CBAM) technology combines high-performance polymers like Nylon and PEEK with long-fiber carbon and fiberglass sheets to deliver complex parts at production speeds and volumes.
The company also announced that through a collaboration with BASF, its Model One and CBAM-2 printers, will support BASF’s Ultrasint PA6 (polyamide 6) powder, allowing customers to 3D print high-performance carbon fiber-PA6 composite parts.
FinSMEs
21/05/2019