# Freemelt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/freemelt

- Industry: Materials
- Headquarters: Sweden
- Website: www.freemelt.com
- Total disclosed funding: $1.6M
- Latest round: Seed (Sep 6, 2019)
- Investors on record: 1

## About

Freemelt AB is a Swedish company specializing in advanced 3D printing technology, particularly in the development and manufacturing of high-performance industrial 3D printers for metal components.Founded in 2017 in Sweden, Freemelt AB develops 3D printing technology for metal components. The company has not undergone any significant pivots or changes in operational strategy. Martin W. and Ulf are the founders, with Daniel Gidlund currently serving as CEO. Freemelt secured SEK 15 million in Seed funding in September 2019, led by Industrifonden. The company has raised a total of SEK 15 million to date, with its sole deal occurring in 2019.Freemelt specializes in advanced 3D printing technology for metal components, focusing on the development and manufacturing of high-performance industrial 3D printers, notably the Freemelt ONE and the e¯MELT series. The Freemelt ONE is tailored for materials research and development, while the e¯MELT series sets the industry standard for serial production. Utilizing Electron Beam Powder Bed Fusion (E-PBF) technology, these printers produce complex geometries and high-performance materials, including titanium alloys, tungsten, and copper, catering to sectors like defense, energy, and medical technology, with clients in Europe and the United States, as well as research institutions such as the University of Southern Denmark and the University of Toronto.In 2023, Freemelt reported a revenue of SEK 2,113,157.10 and an EBITDA of SEK -2,683,883. The company has demonstrated strong demand with an order intake of SEK 20 million in a recent quarter, mainly through B2B transactions, direct sales, and partnerships with research institutions and industrial clients. Clients typically purchase Freemelt’s flagship products, such as the Freemelt ONE and the e¯MELT series, through agreements that may include machine orders and rental agreements.Freemelt’s strategy for future growth includes the development of new products, although specific details on upcoming launches have not been disclosed. The company is also considering expansion into new markets, particularly targeting regions in Europe and North America. The SEK 15 million raised in Seed funding in September 2019 is aimed at supporting these initiatives, although no specific allocation details have been provided.

## Funding rounds

- Seed, Sep 6, 2019, $1.6M — Industrifonden

## Investors

- Industrifonden (https://capitalatlas.ai/funds/industrifonden) — Seed