DTE has successfully completed its Series A2 round, raising an additional $6 million from Eyrir Vöxtur and the EIC Fund, totaling $16 million, to expand its operations in the metal industry.
Target Company Information
DTE is a pioneering deep tech innovator based in Iceland, focusing on developing advanced technologies for the metal industry. The company has demonstrated significant potential for growth and has started to gain traction in optimizing production processes, particularly in sectors that demand high-quality cast parts.
With a strong foundation supported by industry partnerships and investments, DTE aims to revolutionize the manufacturing processes across various sectors, including automotive and construction, where precision and quality are paramount.
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Industry Overview in Iceland
The Icelandic technological landscape is rapidly evolving, particularly in the deep tech sector. The country's strategic emphasis on innovation and sustainability has positioned it as a
Similar Deals
Eyrir Vöxtur
invested in
DTE
in 2023
in a Series A deal
Disclosed details
Transaction Size: $16M