News: Metalysis raise £5.1m as they near commercialisation
Metalysis, the Cambridge University spinout based in Rotherham has raised £5.1m in venture capital.
Metalysis holds the worldwide exploitation rights to the FCC Cambridge process which sees specialist powder metals created in a simple, cost effective process with significant environmental benefits.
The funding comes from the Environmental Technologies Fund (ETF) and some of its co-investors - 3i, Chord Capital and Cody Gate Ventures.
The Manvers company will use this new round of financing as working capital to support the scale-up of a novel semi-continuous pilot plant. Following key appointments in April, Metalysis expects to begin commercialisation of the process later this year.
The company is also finalising a Knowledge Transfer Partnership with Warwick University to develop the FFC Cambridge process for the production of titanium alloy powders.
Brown Rudnick represented the Environmental Technologies Fund
Metalysis holds the worldwide exploitation rights to the FCC Cambridge process which sees specialist powder metals created in a simple, cost effective process with significant environmental benefits.
The funding comes from the Environmental Technologies Fund (ETF) and some of its co-investors - 3i, Chord Capital and Cody Gate Ventures.
The Manvers company will use this new round of financing as working capital to support the scale-up of a novel semi-continuous pilot plant. Following key appointments in April, Metalysis expects to begin commercialisation of the process later this year.The company is also finalising a Knowledge Transfer Partnership with Warwick University to develop the FFC Cambridge process for the production of titanium alloy powders.
Brown Rudnick represented the Environmental Technologies Fund
Metalysis website
Rotherham
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