Gearing up for fast growth, PostProcess Technologies raises $4 million seed round

by Dan Miner via Buffalo Business First

PostProcess Technologies set out to raise about $800,000 last year to support fast-growing demand for its specialized machines.

Instead, it ended up closing a $4 million seed round — styled as debt that will convert into equity during a planned Series A raise — from strategic early-stage investors around across the world, including a group in Buffalo. The company even pulled in a $1 million contribution from Empire State Development Corp., becoming the first local company to earn the backing of ESD's New York Ventures Fund...

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