Metalysis (or “the Company”), the U.K. technology company with a solid-state process to produce valuable, 3D printable metal alloy powders, has raised £12 M ahead of commercial production from its Generation 4 (“Gen4”) industrial scale expansion project.
Proceeds will fund state-of-the-art post-processing facilities, feedstock and provide working capital to support the rollout of Gen4.
Fundraising participants comprised existing shareholders Woodford Investment Management, Draper Esprit PLC, ETF Partners and Interogo Treasury.
The first project, Gen4, is an industrial scale production facility housed within Metalysis’ Materials Manufacturing Centre in Wath-upon-Dearne, South Yorkshire. Being modular, Gen4 builds on Generations 1-3 of Metalysis’ solid-state, electrochemical technology. It is capable of producing hundreds of tonnes of high value, speciality powder alloys used in additive manufacturing, aerospace, automotive and other high value applications.
The second project was establishing Metalysis’ Materials Discovery Centre within the Advanced Manufacturing Park, South Yorkshire. Officially opened in March 2017, it houses materials development and technology projects with Metalysis’ partners and clients.