Reliefed Technologies announced raising $1.9 million from Midroc, SEB and Almi Invest.

Reliefed Technologies, a Varberg, manufacturer of an innovative 3D technology, announced the completion of a SEK 19M ($1.9M) capital investment round.

The funding was provided by a range of investors from Sweden, including Midroc,  S-E Bankens Utvecklingsstiftelse (SEB's development foundation) and stage agency Almi Invest.

Reliefed Technologies, founded in 2005 and led by CEO Mikael Eklund, developed a 3D technology used in so-called extrusion, a manufacturing method for the production of long profiles in large volumes, where you press or pull a heated material through a forming tool. The tech makes it easier to produce much more sophisticated forms and designs in a cost effective manner. The main markets are the building materials and automotive industries, with a focus on volume components in aluminum, plastic, rubber, bio-composites and ceramic materials.