The funding was secured from NPIF - Mercia Equity Finance to support growth, hiring, and headquarters development.
"Small and micro firms make up 90 per cent of the UK's manufacturing capacity. Joe and his team of young entrepreneurs have found a way to help them deploy the latest technology to digitize production and enhance quality and productivity."
The investment from Puma Investments will support international growth and manufacturing innovations.
"These are really exciting times for our business. We see significant opportunities to grow globally and to drive further innovation into our business, and the Puma Private Equity team has the expertise and passion to help us deliver that."
The funding round was led by Midven alongside private investor network Growthdeck.
"As soon as I visited their West Midlands production facility, I could see Carbon Fibre Preforms had the potential to become a great British engineering success story. This investment is also a first for us, co-investing with the Midven VC team, who have also bought into the potential markets for CFP’s revolutionary material."
The consumer products firm picked up backing to advance its desktop manufacturing technology.
"Mayku has created something special that appeals to the hobbyists and designers alike and promises to bring a new dimension to creating products and having fun doing so."
Midven led the equity investment alongside the Growthdeck private investor network.
"We knew as soon as we heard about this process that it had tremendous value with huge potential demand. And we are really excited that after a short period establishing supply of raw materials, production methods and a demand pipeline, we are ready to launch this revolutionary product onto the global market."