More cash appears to be on its way to central Virginia’s manufacturing sector.
According to a Form D filing from the SEC, Phlow Corp., a manufacturer that prides itself on making materials in the US instead of relying on sources overseas, is looking to raise $50 million in a funding round.
Phlow has raised $24.2 million from 11 investors since the round kicked off in August, the documents reveal. However, no other details were provided about who the investors are or what the funds will eventually be used for.
The company didn’t respond to a request for comment as of press time. Endpoints News will update the story when more information becomes available.
Phlow also grabbed a $20 million raise at the beginning of last year, according to local site Richmond BizSense. That’s on top of a $345 million BARDA contract inkedin in 2020, with…
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