NexTech3D AI Announces Closure of Private Placement
NexTech3D AI, an artificial intelligence (AI) platform for product personalization in 3D printing, recently announced the closing of its first private placement for consideration of CA$5 million. The company was able to raise this amount through the issuance of 15,000,000 units at a price of CA$0.50 per unit.
The closing of the private placement is a major milestone for NexTech3D and reflects its solid intentions of becoming a leading provider in the 3D printing landscape. The proceeds from this deal will help the company in executing its growth plans for the future. In addition, the company will use the funds to expand its AI portfolio, strengthen its marketing strategy, and develop customer relationships.
The private placement was managed by Clarus Securities Inc., and received funding from strategic investors including Auriga extra, Catalyst Fund, and Genesysflame. These parties are expected to play a part in the company’s development and provide an important source of financing in the future.
NexTech3D CEO Evan Gappelberg stated, “We are excited to welcome our new strategic investors to the NexTech3D family. With this additional capital, we aim to integrate our AI solution into additional 3D printing platforms, provide further development for existing customers and accelerate opportunities for new ones.”
NexTech3D’s AI platform helps innovators to easily and quickly customize their 3D printing projects. The founders of the platform have extensive experience in 3D printer design, AI-driven algorithms, and machine learning, thus, making their product an ideal fit for the modern 3D printing landscape. This private placement is expected to provide NexTech3D’s AI platform with the necessary resources to expand its offering and establish a firmer foothold in the market.
Overall, the completion of the private placement with strategic investors is expected to usher a period of more growth and expansion for NexTech3D. This could mean winning more customers and increasing its market presence in the 3D printing landscape.