Zeda, (previously PrinterPrezz / Vertex Manufacturing), a Fremont, CA-based provider of 3D manufacturing and nanotech solutions, closed a $52m equity and debt financing, for a total capital raise of $68m to date.
The Series B round included participation by multiple new institutional and strategic investors, including Michelin, Taiyo Nippon Sanso Corporation (a Mitsubishi Chemical Group company), and Fives Group. It was jointly led by existing investors Boutique Venture Partners, Berkeley Catalyst Fund, DOV Management, and Solvay Ventures.
The company will use the proceeds to fund its new advanced manufacturing digital foundry in Cincinnati, Ohio, as well as expand its facilities globally to address the growth in demand for metal 3D printing in the medical, aerospace, defense, space, and energy applications as well as expansion into the Asian market for its medical implant applications.
Led by Shri Shetty, CEO, Zeda is a global leader in advanced 3D manufacturing and nanotech solutions for the medical, space, defense, and aerospace industries. The company leverages advanced manufacturing and technology to help companies in the above mentioned sectors solve some of their most difficult problems.