
Zeda (previously PrinterPrezz/Vertex Manufacturing) closed a $52 million equity and debt financing for a total capital raise of $68 million, to date.
Primarily, proceeds will fund Zeda’s new advanced manufacturing digital foundry in Cincinnati, Ohio, as well as expand facilities globally to address the growth in demand for metal 3D printing in the medical and other applications, as well as expansion into the Asian market for medical implant applications.
Shri Shetty, CEO of Zeda, said, “Zeda is seeing exponential growth in our served markets, driven by our regulated-industry partners and products, due to the global environment and localizing of supply chains. We are delighted to have closed a substantial round, particularly with the current economic headwinds. This further validates our vision for the company and the capabilities of our exceptional team to execute against our business plan.”
Source: Zeda, Inc.
JAV
Julie A. Vetalice is ORTHOWORLD's Editorial Assistant. She has covered the orthopedic industry for over 20 years, having joined the company in 1999.