MAQ
Latest round
- Seed
Last raised
- Jun 2021
Total raised
- $0.3M
Investors
- 2
About MAQ
Founded in 2017, MAQ AB operates from its headquarters in Stockholm, Sweden, focusing on developing advanced machining tools.25 mn from ALMI Invest and EIT InnoEnergy.MAQ AB specializes in the development and manufacturing of vibration damped machining tools, prominently featuring their patented self-tuning mass damper technology (STMD™). These tools minimize tool chatter by automatically adapting to operational frequencies, enhancing surface finishes and enabling higher speeds and feeds without compromising quality. MAQ’s products cater to high-precision machining applications in industries like aerospace and medical device manufacturing. The company's product range includes anti-vibration tool holders available in various length-diameter combinations, enhancing versatility for internal turning and milling processes.2. The company generates revenue through direct B2B transactions focused on long-term partnerships with manufacturers, utilizing a pricing structure based on competitive rates for its vibration damped machining tools, which allows clients to budget effectively.25 mn from EIT InnoEnergy to support its growth initiatives. The company is currently designing new products aimed at further enhancing its vibration damped machining tools.
Who invested in MAQ
2 investors across 2 rounds
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Questions about MAQ
Who invested in MAQ?
MAQ has 2 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has MAQ raised?
MAQ has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did MAQ last raise money?
MAQ's most recent round on record is a Seed, in Jun 2021.
What does MAQ do?
Founded in 2017, MAQ AB operates from its headquarters in Stockholm, Sweden, focusing on developing advanced machining tools.
Where is MAQ headquartered?
MAQ is headquartered in Stockholm, Sweden.
Which VCs invest in companies like MAQ?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Balderton Capital back industrial machinery companies at MAQ's stage. Their profiles are linked below.
VCs backing industrial machinery startups at Seed
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