The other is a capital injection for Lithuanian-based 3D model marketplace CGTrader, together with prior investor Practica Capital. The size of the latter round remains undisclosed (Intel Capital typically doesn’t detail the size of its investments).
Based in Vilnius, Lithuania, CGTrader runs a 3D model marketplace for designers, makers and 3D printing enthusiasts to buy, sell and discover 3D models. Its community of 35,000+ professional 3D designers have contributed over 45,000 3D models for sale or free download so far.
Marius Kalytis, CEO and founder of CGTrader, explains why they raised capital:
“When 3D printing reaches mainstream adoption, 3D models will be used to produce physical products for consumer use. Therefore, 3D content will be the key element of the expanding 3D printing ecosystem.
CGTrader empowers designers and creative individuals to develop brilliant product ideas, create high-quality 3D models and deliver them directly to millions of customers – bypassing complicated distribution, storage, and logistics processes.”
CGTrader was founded by Kalytis and a business angel, Donatas Aksomitas, in 2011.
The company raised its first seed round of capital in early 2013 from Lithuanian VC fund Practica Capital, which is also co-investing in this round.
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