South Yorkshire technology firm Metalysis has raied £12m ahead of expansion project.
The firm, based on the Advanced Manufacturing Park in Rotherham, is set to roll out a new state-of-the-art post-processing facilities as part of its 3D printable metal alloy powders business.
The expansion plan, dubbed Generation 4, or Gen4, will see an industrial scale production facility housed within Metalysis’ Materials Manufacturing Centre in Wath-upon-Dearne, South Yorkshire.
The modular development builds on Generations 1-3 of Metalysis’ solid-state, electrochemical technology and is capable of producing hundreds of tonnes of high value, speciality powder alloys used in additive manufacturing, aerospace, automotive and other high value applications.
Fundraising participants comprised existing shareholders Woodford Investment Management, Draper Esprit PLC, ETF Partners and Interogo Treasury.
The company has also welcomed New York Stock Exchange-listed Hercules Capital, of California,
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.”