Reinforce 3D, the developer of continuous carbon fiber reinforcement (CFIP) technology, secured 1.2 million to accelerate its technology’s go-to-market strategy.
This injection of funds will enable the company to expand its production capabilities, strengthen its R&D team, and consolidate its presence in strategic markets. The round was led by BeAble Innvierte Kets Fund FCR (BIKF) and Fundació Eurecat and Institut Català de Finances (ICF).
CFIP enables to reinforce parts with continuous fibers, multiplying in this way the mechanical properties while reducing the weight.
Read more on the topic: Composites AM: CFIP: A post-processing solution designed to reinforce plastic, metal or ceramic 3D printed parts. (pp 14-16)
With this investment, Reinforce 3D will strengthen its efforts in the development of high-performance materials, process optimization and the expansion of its network of strategic partners. The company also plans to open new facilities for a larger scale production, as well as increase its team in the innovation and commercialization key areas.
The next step for Reinforce3D will be to introduce this solution across the automotive, aerospace and sports industries. On a technical level, the company will further optimize the process to reduce its environmental impact.
“We are ready to scale faster, innovate more and create lasting value for our customers and partners. This round of investment marks the beginning of an exciting new chapter, where we will be able to accelerate our growth and bring our cutting-edge technology to an even wider audience. We thank our investors for their alignment and understanding of our vision of creating a more innovative, efficient and sustainable future. Their support not only strengthens our resolve, but also inspires us to reach new heights,” said the CEO of Reinforce 3D, Blanca Garro.
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