Funding
Composite manufacturing tech startup Fabheads raises $10 million in round led by Accel
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Composite manufacturing technology startup Fabheads has raised $10 million in a mix of debt and equity, led by Accel.
Of this, $2.3 million (Rs 20 crore) was raised from venture debt firm Trifecta Capital. The latest funding round brings the total funding raised by the Chennai-based startup to $13 million.
In an interaction with ET, Fabheads cofounder Dhinesh Kanagaraj said that the funds will be used to scale the firm’s manufacturing capacity, expand the leadership team, and strengthen its client-facing engineering as well as R&D divisions.
“The…
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