An extra dimension
BHP Corporate Finance is delighted to have acted as lead advisor to Additive Manufacturing Technologies (“AMT”) on its £4.2 million Series A fundraise.
AMT is a world leader in end to end post processing solutions that enable industrial users to unlock the potential of 3D printing. The company’s customer base includes blue chip multi-nationals in the aerospace, medical devices, footwear and automotive sectors.
Founded in Sheffield in 2017, AMT has grown rapidly and in addition to its UK HQ and R&D centre, has operations in Hungary and the USA.
Series A investors were DSM Venturing (the US based venture capital arm of listed Dutch multinational Koninklijke DSM N.V) and the Foresight Williams Technology (a collaboration between Foresight Group and Williams Advanced Engineering, part of the Williams Formula One Group). DSM and FWT join existing seed investors Mercia and MidWest Additive Ventures.
The BHP team comprised Don Gray and Matt Scott. Don Gray commented “AMT has made incredible progress in a very short period of time. This Series A round is a great example of bringing together investors who can contribute more than just capital. With complementary skill sets in material science and high performance engineering, DSM and FWT are extremely well placed to help AMT capitalise on the huge opportunities in this previously overlooked, yet fundamental, aspect of 3D printing.”
Joseph Crabtree, AMT Founder and CEO, commented “BHP Corporate Finance came highly recommended to us and they certainly lived up to this billing. Their wise counsel was invaluable in bringing together the investment round. For any organisation looking to scale up, balancing the time commitment to the business with the demands of the round is a challenge and hence why it’s really important to surround yourselves with experienced advisors.”