Zeda, Inc. (previously PrinterPrezz / Vertex Manufacturing), has closed a $52 million equity and debt financing for a total capital raise of $68 million to date. The company provides advanced 3D manufacturing and nanotech solutions for the medical, space, aerospace, and defense industries.
The Series B round included participation by multiple new institutional and strategic investors, including Michelin, Taiyo Nippon Sanso Corporation (a Mitsubishi Chemical Group company), and Fives Group. It was jointly led by existing investors: Boutique Venture Partners, Berkeley Catalyst Fund, DOV Management, and Solvay Ventures.
The company will primarily use the proceeds to fund its new advanced manufacturing digital foundry in Cincinnati, Ohio, as well as expand our facilities globally to address the growth in demand for metal 3D printing in the medical, aerospace, defense, space, and energy applications as well as expansion into the Asian market for its medical implant applications.
This follows the announcement last year of an agreement with the Singapore Healthcare Clusters and the National Additive Manufacturing Innovation Cluster (NAMIC) to grow the 3D printed implant market in the region.
“Zeda is seeing exponential growth in our served markets, driven by our regulated-industry partners and products, due to the global environment and localizing of supply chains. We are delighted to have closed a substantial round, particularly with the current economic headwinds. This further validates our vision for the company and the capabilities of our exceptional team to execute against our business plan”, Shri Shetty, CEO of Zeda (formerly PrinterPrezz / Vertex Manufacturing) comments.
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