DTE Secures $10M Funding Anchored by Industry Leader Novelis and the EIC Fund
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Monday, June 19, 2023
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The raise includes a distinguished group of investors, with participation by aluminum industry leader Novelis, venture capital firm Metaplanet and the European Innovation Council (EIC) Fund, along with existing investors Chrysalix Venture Capital and Brunnur Ventures.
Key Points:
- The raise includes a distinguished group of investors, with participation by aluminum industry leader Novelis, venture capital firm Metaplanet and the European Innovation Council (EIC) Fund, along with existing investors Chrysalix Venture Capital and Brunnur Ventures.
- DTE's first-in-industry, in-line elemental analysis technology complements and replaces current slow, expensive, and manual methods for process and quality control.
- "We are delighted to secure this substantial funding round, which is a significant milestone for DTE, validating the transformative potential of our technology," said Karl Matthiasson, CEO & Founder of DTE. "
- We are delighted and honored to welcome Novelis, Metaplanet and the EIC Fund as new investors on our journey to transform the metals production and manufacturing industries.