Elementum 3D raises $10.2M, expects to hit $22M goal
ERIE — An Erie-based company that develops metal-additive manufacturing materials has raised $10.2 million in a Series B funding round, with expectations to increase that number to $22 million in the coming weeks.
Elementum 3D Inc. reported the fundraise in a Form D filing with the U.S. Securities and Exchange Commission Jan. 11. The offering includes equity, options and warrants.
“We did the first tranche so that current investors could uptake a certain portion of it to maintain their ownership, so now we’re working with the new investors,” Elementum founder and president Jacob Nuechterlein told BizWest. “We should have the other [$10…
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