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3D company Reliefed Technologies raises 19 million for international expansion
Reliefed Technologies, who has developed a completely new sustainable 3D technology for the manufacturing industry, raises money for increased marketing and sales activities as well as continued technology development. In the share issue of SEK 19 million participating are Almi Invest's Greentech Fund, Midroc New Technology and S-E Banken's Development Fund.
Reliefed's new 3D technology is 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.
Reliefed's 3D extrusion makes it possible to produce significantly more advanced shapes and designs in a cost-effective and sustainable way. 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.
Reliefed's production solution easily upgrades existing extrusion equipment. It enables dynamic extrusion, where the products are also formed longitudinally and not only in the cross-section, while reducing material consumption and streamlining the manufacturing process.
The manufacturing industry represents a significant part of the environmental impact and it is often very challenging to find cost-effective improvements, says Jörgen Bodin, Investment Manager at Almi Invest. Reliefed's production system, which leads to less material consumption, lower energy requirements and retained or improved product design and quality, can provide significant competitive advantages in many ways.
With its ingenious extrusion method, Reliefed enables a higher quality combined with a significant reduction in cost and material consumption, which also makes the company fit well into our portfolio of potential cleantech companies, says Göran Linder, CEO of Midroc New Technology.
The focus of Reliefed in the coming year is to transform ongoing feasibility studies with significant customers into further production agreements and to reach the global market.
Thanks to this investment, we have the opportunity to quickly expand our sales and marketing activities so that more companies catch the eye of our unique 3D technology and the great values it enables, says Mikael Eklund, CEO Reliefed.
More information is provided by
Mikael Eklund, CEO of Reliefed Technologies
mikael.eklund@reliefed.com +46 (0)703 80 07 96
Jörgen Bodin, Investment Manager, Almi Invest Greentech
jorgen.bodin@almiinvest.se +46 (0)72 205 26 79
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About Reliefed Technologies
Reliefed Technologies offers product development and manufacturing companies an innovative, cost-effective and energy-efficient way to mass-produce 3D components/products. Commercialisation is carried out in close cooperation with industrial partners and is delivered either as finished products or licensed for the customer's own production. Extensive know-how combined with intellectual property rights based on the patented 3D-iExtrusion® technology provides completely new design opportunities for the sustainable solutions of tomorrow and also enables 10-40 percent savings in material and weight, 10-20 percent higher heat transfer capacity, 20-80 percent lower production costs and 20-70 percent lower energy consumption in production.
About Almi Invest
Almi Invest is Sweden's most active investor in startups. We make investments throughout the country through 8 regional venture capital companies and a national venture capital company within GreenTech. Almi Invest manages about SEK 3 billion and has since the start invested in approximately 660 startups. Our best holdings have been acquired by Google, Microsoft, Qlik and Apple or listed on various stock exchanges. Almi Invest is a venture capital company within the Almi Group and partly financed by the EU's structural funds.
