Conflux Technology – an Australian metal additive manufacturing (AM) innovator for heat
exchangers, led by Michael Fuller – has recently secured funds from two investors,
Germany’s AM Ventures and Australia’s Acorn Capital, totalling US $6 million in their
Series A investment round.
These investments recognise Conflux’s continued innovation in the design and application
of next generation 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. These successes provided both Acorn Capital and AM Ventures with
the confidence to invest in Conflux’s Series A round.
“The investments will enable us to significantly increase our capacity and capability,” says
Conflux Technology Founder and CEO, Michael Fuller. “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
Conflux’s investment partners, AM Ventures and Acorn Capital are both renowned for their
selective investments in technology and additive manufacturing.
As Ben Dalling, Portfolio Manager at Acorn Capital says, “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.”
Managing Partner at AM Ventures, Arno Held, echoes Acorn Capital’s sentiment: “Heat
exchangers are one of the biggest applications in 3D printing. Highly complex geometries
enabling a 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.”
“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,” concludes Michael.