Structured Polymers, an Austin, Texas-based producer of specialty polymer powders for sale to the 3D printing industry, raised $1.5m in seed funding.
$1.2m was raised in less than a week through equity crowdfunding platform MicroVentures, which also led the funding round involving approximately 65 investors.
The company intends to use the funds to advance the development of specialty polymer powders.
Led by Vikram Devarajan, PhD, founder and CEO, Structured Polymers is developing a new method of producing ink for the commercial 3D printing industry. Its patented manufacturing method utilizing Selective Laser Sintering (SLS) allows it to provide more polymer grades than currently available on the market.
Dr. Carl Deckard, the inventor of the SLS process, is part of the team of the company.