Phlow looks to raise $50M as US aims to boost do­mes­tic man­u­fac­tur­ing

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.

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