Erie-based Elementum 3D raises $6.1M
ERIE — Elementum 3D Inc. has raised just over $6.1 million in a private fundraising round.
Elementum, which produces 3D-printed alloy parts for various industries, secured the funds from 29 different investors since June 12, according to filings with the U.S. Securities and Exchange Commission. The company intends to raise $143,026 more to complete the round at $6.25 million.
Elementum CEO Jacob Nuechterlein said the funding will primarily be used to expand the company’s inventory for commercialization, including servicing its contract with NASA to build rocket and satellite parts. The company also plans to add two to five new employees within the year on top of the 18 it currently has.
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This story has been updated with comments from Jacob Neuchterlein.
ERIE — Elementum 3D Inc. has raised just over $6.1 million in a private fundraising round.
Elementum, which produces 3D-printed alloy parts for various industries, secured the funds from 29 different investors since June 12, according to filings with the U.S. Securities and Exchange Commission. The company intends to raise $143,026 more to complete the round at $6.25 million.
Elementum CEO Jacob Nuechterlein said the funding will primarily be used to expand the company’s inventory for commercialization, including servicing its contract with NASA to build rocket and satellite parts. The company also plans to add two to five new employees within the…
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