Norsk Titanium AS, a Oslo, Norway-based supplier of aerospace-grade, additive manufactured, structural titanium components, closed a $25M funding round.
The company will use the funds to its the customer base and aerospace production part qualification programs, expand into New York State and add to the leadership team.
The funding round includes:
– $10m equity investment from Insight Equity Holdings LLC, a mid-market private equity firm
– $10m growth debt facility from Harbert European Growth Capital Fund I (HEGCF) (already covered by us here)
– $5m equity investment from a number of smaller investors.
Led by President and CEO Warren M. Boley Jr., Norsk Titanium supplies aerospace-grade, additive manufactured, structural titanium components. Its patented Rapid Plasma Deposition™ (RPD™) process transforms titanium wire into complex components suitable for structural and safety-critical applications.