Feb.11, 2014
3D model marketplace CGTrader announced today that it has closed a funding round with Intel Capital, Intel's global investment and M&A organization and existing investor Practica Capital.
CGTrader runs a 3D model marketplace for designers, makers and 3D printing enthusiasts to buy, sell and discover 3D models. Over 35,000 3D designers have contributed over 45,000 3D models for sale or download so far.
The funding will be used to expand the 3D model marketplace and community.
"The opportunity in the 3D printing segment is enormous, and we believe that CGTrader is well positioned to capitalize on this growing trend of 'capture, create, print'," says Marcin Hejka, Managing Director of Intel Capital Eastern Europe, Middle East and Africa. "The CGTrader team is a great example of the innovative teams that operate in the Central and Eastern European region and which are able to build globally successful solutions."
CGTrader was started by 3D designer Marius Kalytis and a business angel Donatas Aksomitas in 2011. In early 2013, the company attracted seed investment by Lithuanian venture capital firm Practica Capital and joined its accelerator Startup.lt. Over 2013, the company grew its model library five times to 45,000 3D models.
Posted in 3D Design
Maybe you also like:
- 3D Systems reveals consumer haptic 3D mouse and 3DMe photobooth
- OpenBuilds is the new site to share your machine designs
- Block-based Blokify, free and easy 3D modeling app for kids
- Visualizing active sound waves with 3D printing & augmented reality
- Control 3D printers remotely & protect your designs with Secured3D
- 3D print your own Venus de Milo and Winged Victory of Samothrace
- ShapeDo 3D model Repository lets you edit and share design for 3D printing
- Porsche wants you to 3D print & customize your own Cayman
- 3D model sharing service Sketchfab raises $2 Million
- Easily make complex 3D printable objects with Autodesk Project Shapeshifter and Miller