Continuous Composites, a pioneer and innovator in composites additive manufacturing, closed a new $17 million Series A financing led by B. Riley Venture Capital (BRVC), a subsidiary of B. Riley Financial, Inc. (NASDAQ: RILY). This latest investment follows prior funding rounds led by strategic partners Arkema and Saint-Gobain.
The US (Idaho-based) startup led by Tyler Alvarado is one of several companies whose CF3D technology has been analyzed in-depth over several years and presented within detailed hardware, materials and services/parts forecasts in 3dpbm’s latest market report on Composites AM Trends and Opportunities, exclusively available at 3dpbm.com.
CF3D is an additive manufacturing solution that combines high-performance continuous fibers with rapid curing resins in a 3D printing process to enable affordable manufacturing of complex composite structures. An industry-agnostic automated solution, CF3D is comprised of configurable hardware, proprietary software, and tailorable material solutions for strong yet lightweight applications.
Tyler Alvarado, Continuous Composites CEO, commented, “This round of financing provides us with the growth capital to address the extraordinary demand from our customers. Over the years, we have taken a purposeful approach toward building breakthrough technology supported by a strong team and intellectual property portfolio, and we welcome Todd and the B. Riley team to our stakeholder group as we advance to the next phase of corporate development.”
Specifically, this round of financing will provide Continuous Composites with the growth capital to commercialize its proprietary Continuous Fiber 3D Printing (CF3D) product offerings, as well as advance and protect the company’s expansive patent portfolio. Access to B. Riley’s full suite of investment banking solutions makes BRVC an ideal partner for Continuous Composites.
“We are thrilled to partner with Tyler and the entire Continuous Composites team as they bring their disruptive technology to the market,” said Todd Sims, President of B. Riley Venture Capital, who will be joining the Continuous Composites board as part of this investment. Mr. Sims added, “We were drawn to Tyler’s vision and leadership, the attractive revenue and margin profile of the business, and their blue-chip customers, both industrial and governmental, which we see as clear validation of the CF3D® technology.”
Founded in 2012 and headquartered in Coeur d’Alene, Idaho, Continuous Composites’ Continuous Fiber 3D Printing (CF3D) technology and comprehensive patent portfolio leverage the advantages of continuous fiber composite materials with a 3D printing process to print high-strength, light-weight parts on demand. CF3D significantly reduces cost, lead times, labor, and other traditional constraints found in manufacturing.