Norsk Titanium AS, a supplier of aerospace-grade, additive manufactured, structural titanium components has announced the successful close of its Q2 2016 funding round.
Minneapolis-based investment bank Piper Jaffray led the round for Norsk Titanium to help secure investment from institutional and strategic investors to provide financing for a rapidly expanding customer base, aerospace production part qualification programs, a US expansion into New York State and key additions to the leadership team.
The USD $25 million funding round follows the inclusion in the 2016 New York State budget of USD $125 million to support the development of Norsk Titaniums Plattsburgh, New York factory, which is part of Norsks proposed USD $1 billion, 10-year project in the state.