July 23, 2021
COEUR D’ALENE, Idaho—Continuous Composites Inc., developer of a patented composites 3D printing technology, recently closed a $17 million Series A financing round led by B. Riley Venture Capital (BRVC), a subsidiary of B. Riley Financial, Inc. The investment, which follows funding rounds led by strategic partners Arkema S.A. and Saint-Gobain S.A., provides Continuous Composites with the growth capital to commercialize its proprietary Continuous Fiber 3D Printing (CF3D®) product offerings, as well as to advance and protect its patent portfolio, Continuous Composites said in a release.
Continuous Fiber 3D Printing is an additive manufacturing technology that combines high-performance continuous fibers with rapid curing resins in a 3D printing process. Described as “industry-agnostic,” the automated CF3D technology comprises configurable hardware, proprietary software, and tailorable material for strong, yet lightweight applications. According to Continuous Composites, CF3D enables affordable manufacturing of complex composite structures.
“We are thrilled to partner with Tyler and the entire Continuous Composites team as they bring their disruptive technology to the market,” said Todd Sims, president of B. Riley Venture Capital, in the release. Sims will be joining the Continuous Composites board as part of the investment. “We were drawn to Tyler’s vision and leadership, the attractive revenue and margin profile of the business, and their blue-chip customers, both industrial and governmental, which we see as clear validation of the CF3D® technology.”
B. Riley Venture Capital employs a strategy focused on investing in late-stage private growth companies with a path towards public markets. Its mission closely aligns with Continuous Composites’s growth strategy, according to the release.
Continuous Composites CEO Tyler Alvarado said in the release that the financing round provides the company with the growth capital needed to address “extraordinary demand” from its customers.
“Over the years, we have taken a purposeful approach toward building breakthrough technology supported by a strong team and intellectual property portfolio,” Alvarado said. “We welcome Todd and the B. Riley team to our stakeholder group as we advance to the next phase of corporate development.”
Continuous Composites Inc., headquartered in Coeur d’Alene, Idaho, was founded in 2012. Its patented composites 3D printing technology, CF3D, is said to leverage the advantages of continuous-fiber composite materials with a 3D printing process to print high-strength, light-weight parts on demand. The technology is reported to significantly reduce cost, lead times, labor, and other traditional constraints found in manufacturing.