Conflux Technology closes a $6 million Series A investment round

Conflux Technology closes a $6 million Series A investment round

Aditya Chandavarkar
Aditya Chandavarkar is a established entrepreneur with business interests in manufacturing, innovative technology, training and consulting. Among other activities he the Co-Founder of Indian 3D Printing Network and is a subject matter expert on 3D Printing/Additive Manufacturing with good grasp of Additive Manufacturing trends in the Region including India, APAC, Middleeast and Africa.

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

plans.”

 

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.

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Aditya Chandavarkar
Aditya Chandavarkar is a established entrepreneur with business interests in manufacturing, innovative technology, training and consulting. Among other activities he the Co-Founder of Indian 3D Printing Network and is a subject matter expert on 3D Printing/Additive Manufacturing with good grasp of Additive Manufacturing trends in the Region including India, APAC, Middleeast and Africa.