Freemelt announced closing a $1.6M funding round led by Industrifonden.
Freemelt, a Gothenburg (Mölndal), Sweden-based 3D printing company, announced that it completed a SEK 15M ($1.6M) capital investment round.
The funding round was led by Swedish venture backer Industrifonden and included existing investors.
Freemelt, founded in 2017 and led by CEO Ulric Ljungblad, develops a special kind of 3D printer for additive manufacturing with metallic materials. The machine, called Freemelt One, is an electron beam melting 3D printer, intended for Additive Manufacturing materials R&D and requires only a small amount of powder to operate, making it affordable and fast for users to test different metal powders.
The company has ten employees and so far sold two machines and is about to deliver a third.