Chromatic 3D Materials, a Minneapolis, MI- and North Rhine-Westphalia, Germany—based reactive 3D-printing startup, raised an additional $5m in financing.
The round was led by Embedded Ventures, with participation from Golden Seeds and Oyat Invest AG.
The company intends to use the funds to:
- continue commercial introduction of its proprietary technology for 3D printing industrial-grade elastomeric materials
- expand its team, doubling its headcount by 2023,
- transition from early tech development to solid production-grade parts going out to customers, and
- advance its growth trajectory.
Founded in 2016 by Cora Leibig, PhD., Chromatic 3D Materials delivers the materials, software, and printers required to 3D print durable, functional and flexible elastomers in medicine, defense, rail and industrial-equipment sectors.
The company was awarded Phase I and II SBIR grants from the National Science Foundation in 2017 and 2019, respectively.
FinSMEs
15/11/2021