Conflux Technology secures AUS $8.5 million in investment round
October 27, 2021
Conflux Technology, Geelong, Australia, has secured Series A investment round funds from two investors – Germany’s AM Ventures and Australia’s Acorn Capital, both known for their investments in AM businesses – totalling AUS $8.5 million.
“The investments will enable us to significantly increase our capacity and capability,” stated Michael Fuller, CEO and founder, Conflux Technology. “We will be increasing the number of metal AM machines and investing in the latest series-production platforms, continuing to grow our team and furthering our vertical integration with final post-processing of parts. Our transformation from research and development to a fully-fledged production facility is now in action. It’s exciting to be able to advance our offering and expedite long-held plans.”
These investments are said to recognise Conflux’s continued innovation in the design and application of AM heat exchanger technology. Following seed funding from AM Ventures in 2017, Conflux has serviced a geographically diverse customer base with its industry reach covering aerospace/aviation, microelectronics, automotive/motorsport and sustainable energy.
Ben Dalling, Portfolio Manager at Acorn Capital added, “Acorn is thrilled to be partnering with Conflux Technology. We have a long history of investing in and supporting technology and advanced manufacturing in Australia, and Conflux is a world leader in Additive Manufacturing of heat exchangers – a critically important technology across many industries, from aerospace to computing. We are very excited to be part of the Conflux story going forward.”
Arno Held, Managing Partner at AM Ventures stated, “Heat exchangers are one of the biggest applications in 3D printing. Highly complex geometries enabling more efficient thermal management in order to reduce energy consumption and waste of materials require highly qualified experts who are capable of mastering the best manufacturing technologies and software tools. This is exactly what makes the Conflux team unique in this world.”
Fuller concluded, “We are thrilled to have partnered with such experienced and successful investors. Both Acorn and AM Ventures have enviable track records in accelerating businesses to scale and enabling transformative technologies that have positive impacts on our world. We look forward to a very exciting next chapter in Conflux’s journey.”