Taiwania Capital joins NEA, Valo Ventures and AVG to enable the next generation of mass-market, multi-material structures that deliver commercial advantages across industries from consumer electronics to automotive and aerospace
Date: April 11, 2020
Arris Composites, the pioneer of next-generation composites, today announces $48.5M in seriesB funding. Arris will be expanding its proprietary composite manufacturing capabilities and opening facilities in the U.S. and Taiwan, the latter to serve the demand of the consumer electronics industry.
The round was led by Taiwania Capital with participation from return investor New Enterprise Associates (NEA), which led Arris Composites’ $10M Series A round in January 2019, alongside Valo Ventures and Alumni Ventures Group (AVG).
Carl Bass, former Autodesk CEO, will join the board of directors as an independent board member. Carl has been involved with Arris since 2017 as an angel investor, advisor and research collaborator while the company incubated in his personal machine shop.
“Since we began working with Arris Composites in 2018, we’ve been impressed with the maturation of their manufacturing technology and the intense interest and enthusiasm we’ve seen from top brands in the consumer, automotive, aerospace and other industries in leveraging Arris’ manufacturing methods for next-gen, not-yet-released products,” explains Greg Papadopoulos, Venture Partner, NEA and former Chief Technology Officer, Sun Microsystems. “High-performance composites that can be mass-produced in new ways hold incredible promise for all kinds of products.” [FULL STORY]