PlastFormance GmbH, a Teisendorf, Germany-based materials startup, raised a seven-figure second funding round.
High-Tech Gründerfonds is investing with its newly launched HTGF IV fund together with ICIG Ventures Holding S.A. and Jobest GmbH.
The company intends to use the funds to drive further growth, scale up production capacity at its site in Berchtesgadener Land, Bavaria, strengthen the team, and promote material development for additional application areas.
Led by Joachim Reinhardt, CEO, PlastFormance develops, produces and sells unique polymer compounds for high-tech applications. The company functionalizes polymers to enable tasks such as thermal management, power generation or radiation protection through injection molded components suitable for large-scale production. PlastFormance is already working with customers on application projects. Examples include developing highly electrically conductive injection molded parts for fuel cells or improving the service life of electronic assemblies through optimized thermal management.
Prof. Dr. Dietmar Drummer, professor for polymer technology at the University of Erlangen-Nuernberg, supports the company as a scientific advisor.
FinSMEs
28/07/2023