Australian metal additive innovator secures AUD$8.5 million in Series A investment round
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 AUD$8.5 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.
About Conflux Technology
Conflux is a world-leading additive manufacturing (AM) company pioneering thermal and fluid applications that began in the world of F1 engineering where founder Michael Fuller transformed heat exchanger designs and performance outcomes. Today, Conflux is a well-established, senior-by-design team leading the advancement of AM applications. Its revolutionary heat exchange technology has transformed product and system performance across aerospace, microelectronics, industrial, energy, automotive and motorsports industries.
With vertically integrated advanced manufacturing, operations encompass all aspects of the engineering process – from design and CFD analysis through to in-house AM serial production, post-processing and independent validation. Conflux consistently pushes AM technology to the cutting edge, deriving ground
breaking outcomes for its customers.
About AM Ventures
The leading venture capital firm in industrial 3D printing (additive manufacturing) has an extensive portfolio of more than a dozen successful companies in 6 countries on 3 continents. The team possesses in-depth technology know-how and is well connected with the most experienced experts in the field. As an investment partner, the company provides a globally leading ecosystem of sustainable investments in AM and introduces entrepreneurs to a large pool of industry veterans, each one with decades of experience in engineering, manufacturing and executive management. Since 2021, AM Ventures is set up as a venture capital fund.
About Acorn Investments
Acorn Capital was established in 1998 as a specialist investment manager in emerging Australian companies. It distinguishes itself through its relatively large research and investment team, its expertise across all industries and its provision of expansion capital to developing companies. Acorn’s investment philosophy is to generate long-term outperformance through its distinctive research and investment capabilities and ability to identify attractive opportunities in emerging markets.
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