Chromatic 3D Materials has raised $6 million in its third financing round with existing and new investors both participating. The cash will allow the company to build production capabilities and help it to advance its reactive extrusion additive manufacturing technology.
“Chromatic delivers the material performance and technology required to make manufacturing more responsive and sustainable,” said Cora Leibig, the company’s founder and CEO. “With this financing, we’ll be driving implementation of our technology across several markets and continuing to expand our market reach.”
The Golden Valley, Minn.-based company has now raised more than $15 million, including previous equity rounds in 2018 and 2021. This allowed it to establish resin production in the U.S., and printer manufacture in Germany. It has already launched 12 proprietary material grades, including polyurethanes, and a range of 3D printers.
Jordan Noone, partner at previous investor Embedded Ventures which has invested again, said that from the outset he was convinced the company was delivering novel and necessary technology for additive manufacturing. “The applications in the pipeline, particularly in aerospace, are transformative,” Noone said. “I’m excited to support the company through implementation and commercialisation.”