GERMANY – 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.Founded by Sergej Schmitke, GS Bavaria 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. The nanopowders of tungsten, tungsten carbide and – after oxidation – also tungsten oxide are made available to the plastics industry in the form of additives as masterbatches. 03/10/2022
