GS Bavaria Closes Seven-Figure Seed Funding
- GS Bavaria, a Nürnberg, Germany-based supplier of nano-sized carbide powders on an industrial scale, raised seven-figure in seed funding
- The round was led by High-Tech Gründerfonds with the participation from business angels
- The company intends to use the funds to enable the establishment of industrial production in the Nuremberg area and the development of further products
- GSBavaria is a supplier of nano-sized carbide powders on an industrial scale
- The company uses hard metal scrap to produce tungsten and tungsten carbide in the form of nanoparticles with the help of bacteria
- The process can later be used for other metals as well
