Metalysis raises £12 million ahead of commercial production kick-off
Metalysis, the U.K. technology company with a solid-state process to produce valuable, 3D printable alloy powders, has raised £12m ahead of commercial production from its Generation 4 (“Gen4”) industrial scale expansion project.
Fundraising participants comprised existing shareholders Woodford Investment Management, Draper Esprit PLC, ETF Partners and Interogo Treasury.
The Company was also pleased to welcome Hercules Capital, Inc. (NYSE: HTGC), of California, U.S., which has pledged more than US$7 billion to high-growth, innovative venture capital-backed companies in life sciences, sustainable and renewable technology industries since its inception.
Dion Vaughan, CEO of Metalysis, said:
“Naturally, we are pleased that Metalysis has attracted financial backing from both new and existing sophisticated institutional investors.
“The expansion project carried out during the past year, combined with these proceeds, will support our multi-metal production and commercial rollout.
“Metalysis is a high growth U.K. technology business with advanced materials breakthroughs and solid-state production of great value to its customers, shareholders, partners, and employees.”