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



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