3Discovered Secures External Financing from Sway Ventures and Private Investors
Startup creates the first online exchange platform eliminating obstacles to transacting commercial-grade 3D printable designs.
CHICAGO, Illinois – Chicago based start-up 3Discovered announced today the successful closing of the company’s first external financing round, which included Sway Ventures 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.
“Sway Ventures is very excited about the tremendous potential of 3D printing,” said Sway Ventures 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.”
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.
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.