Aurora Labs raises $1.82 million following private investment

February 13, 2020

Aurora Labs, Bibra Lake, Australia, has successfully raised $1.82 million following investment from Dutch entrepreneur Tjeerd Barthen. Aurora intends to use the funds to accelerate commercialisation of its rapid manufacturing technology (RMP-1) machines as well as for working capital.

Barthen, who founded a successful healthcare business that was later acquired by management and private equity, now invests globally in disruptive technologies with scalable opportunities.

“I have followed the growth of the sector for some time and quickly identified that Aurora Labs as a technological leader with the potential to revolutionise manufacturing. I look forward to following the team on their journey,” Barthen stated.

The deal will see 13,000,000 shares issued to Barthen at $0.14 per share. The placement shares will reportedly comprise approximately 12.5% of the company’s total pre-placement issued share capital and approximately 11% on a fully-diluted basis, and will rank equally with existing ordinary shares.

www.auroralabs3d.com

Download the latest issue of Metal AM magazine

Our latest issue is now available to view online or download in PDF format.

As well as an extensive AM industry news section, this 152-page issue includes articles and reports on:

  • The third Munich Technology Conference: The challenge of AM adoption and the inside track on aviation
  • From atomisation to analysis: How Carpenter Additive is delivering improved material reliability, economics and quality
  • The evolving metal powder marketplace: Total solutions, vertical integrations and start-up innovations
  • Alloys by Design: The future of materials for Additive Manufacturing
  • Trumpf: Overcoming barriers to the adoption of AM in the aerospace sector
  • From silicone and rubber to steel and ceramic: The weird and wonderful world of wipers
  • Managing the industrialisation process: Notes from Euro PM’s seminar on the future of AM
  • > More information

Latest news

    E-newsletter

    Sign up to our e-newsletter, sent weekly to AM professionals and end-users around the world. We'll also let you know each time a new issue of Metal AM magazine is available.

    Discover our magazine archive…

    The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:
    • Reports on visits to leading metal AM part manufacturers and industry suppliers
    • Articles on technology and application trends
    • Information on materials developments
    • Reviews of key technical presentations from the international conference circuit
    • International industry news
    All past issues are available to download in PDF format, in either single page format or as double-page “spreads” for viewing on large monitors. All downloads are free of charge. Go to archive...

    Connect with us

    Visit our social media channels and sign up to our e-newsletter