DDM Systems
About this raise: DDM Systems is raising funds on Dealmaker Securities. The company is creating the future of precision metal casting with its Digital Foundry technology. The innovative technology of DDM Systems removes the lengthy processes in the investment casting process and makes the production of advanced metal components faster and more cost-effective. DDM Systems is led by an experienced team and has customers including Toyota, the US Air Force, Husky, and the US Department of Energy. Suman Das and John Halloran founded DDM Systems in March 2012. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.24 million. The campaign proceeds will be used for technology and product development, sales and marketing, infrastructure, and general working capital.
Investment Overview
Invested : $110,900
Deal Terms
Total Commitments ($USD)
- Platform
- DealMaker Securities
- Start Date
- 05/12/2023
- Close Date
- 10/08/2023
$10,000
$1,235,000
$400
Equity - Preferred
Seed
RegCF
$2.00
$71,458,723
Company & Team
Company
- Year Founded
- 2012
- Industry
- Industrial Services
- Tech Sector
- Distribution Model
- B2B
- Margin
- Low
- Capital Intensity
- High
Financials
- Revenue +29% YoY
- $1,137,782
- Monthly Burn
- $22,708
-
Runway
- 2.3 months
- Gross Margin
- 44%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $19,000,000
- Grants
- $3,300,000
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 10/08/2023 | DealMaker Securities | $71,458,723 | $110,900 | Equity - Preferred | Funded | RegCF |