Texas-Based 3DP Materials Startup Raises $1.5M

An Austin-based 3D printing industry startup has gotten a major boost with $1.5 million in seed funding led largely by local investment firm MicroVentures.

Technology firm Structured Polymers, founded by several University of Texas graduates, was able to bypass traditional venture capital efforts by raising most of the cash — $1.2 million — in less than a week through MicroVentures’ crowdfunding platform in their largest effort to date.

The money will help the Austin firm develop and sell “ink,” or specialty polymer powders, used for commercial 3D printers, which can replicate an array of products, such as parts used in the aviation, automotive and medical industries. … (Read more)

Source: Engineering.com