# Conflux Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/conflux-technology

- Industry: Industrial Machinery
- Headquarters: Australia
- Website: www.confluxtechnology.com
- Total disclosed funding: $12M
- Latest round: Series B (Oct 20, 2024)
- Investors on record: 5

## About

Based in Victoria, Australia, and founded in 2015 by Michael Fuller (CEO), Conflux Technology designs and manufactures heat exchangers which have thermal and fluid applications. The firm’s customer base includes aerospace, power electronics, power generation, and automotive markets. In October 2022, Conflux Technology raised USD 6.3 million in series A funding from new investors Acorn Capital and AM Ventures.

The firm employs additive manufacturing to develop heat transfer solutions. The company is involved in R&D, design, engineering, manufacturing, testing, and validating all products including water charge air coolers, cartridges, automotive cartridges, and cold plate technology.

The company intends to use the October 2022 funding to increase capacity and capability by increasing the number of metal AM machines and investing in the latest series-production platforms, growing the team, and vertical integration with the final post-processing of parts.

## Funding rounds

- Series B, Oct 20, 2024, $11M — Acorn Capital, AM Ventures, Breakthrough Victoria
- Series A, Dec 17, 2019, $0.5M — AM Ventures
- Series A, Jul 7, 2017, $0.7M — AM Ventures, Chapman Murray Enterprises Pty Ltd, G & J Associates Pty Ltd

## Investors

- AM Ventures (https://capitalatlas.ai/funds/am-ventures) — Series A, Series B
- Chapman Murray Enterprises Pty Ltd — Series A
- G & J Associates Pty Ltd — Series A
- Acorn Capital — Series B
- Breakthrough Victoria — Series B