Chicago based start-up 3Discovered announced today the successful closing of the company's first external financing round, which included AITV and private investors. The round, which was more than 50% oversubscribed, follows last year's initial seed investment by founders Ocean Tomo and Liberty Investment Ventures and will fund the development of 3Discovered's online exchange platform for commercial-grade 3D printable designs.
'We are very pleased to have concluded such a successful funding round,' said Peer Munck, 3Discovered's Co-founder and CEO. 'This gives us the financial resources to commence transactions of 3D printable designs and products for our commercial partners early next year.'
3Discovered connects product design owners, customers, and 3D printing service bureaus through its online exchange platform to fulfill transactions of commercial-grade 3D printed designs and products. The company's patent-pending exchange platform is the first to address the obstacles to transacting commercial-grade 3D printable designs by incorporating features such as piracy protection, quality verification, pricing transparency and multiple 3D printing locations and technologies.
'AITV is very excited about the tremendous potential of 3D printing,' said AITV General Partner, Brent Granado. 'We believe 3Discovered, with their solutions for eliminating transaction obstacles, is on the right path to capitalize on the opportunity we see in commercial and industrial adoption of this technology.'
About AITV (http://www.aitv.co):
Founded in 2013 AITV is a US-based venture capital firm with offices in San Francisco, La Jolla and London. AITV invests in early-stage and medium-growth IT software companies that demonstrate tremendous opportunities for growth.
About Ocean Tomo (http://www.oceantomo.com):
Established in 2003, Ocean Tomo, LLC, the Intellectual Capital Merchant Banc™ firm, provides industry leading financial products and services related to intellectual property including financial expert testimony, valuation, strategy consulting, proprietary research products, investment services, risk management products, innovation management services and transaction brokerage.
About Liberty (http://www.libertyadvisorgroup.com):
Liberty Investment Ventures is the investment arm of Liberty Advisor Group LLC, a Chicago based management consultancy with service offerings in Information Technology Strategy, Advanced Analytics, M&A Integration, Program Management, and Business Transformation.