Most inventors and founders know that the crowdfunding experience can be just as much about moving product as it is to proving the company is investor ready. Such is the case for 3D printer startup New Matter who recently raised over $680,000 on crowdfunding platform Indiegogo and booked over 2600 sales of their 3D printer, one of the most affordable 3D printers on the market.
With the company overfunded and ready for market they opened up a series A round of funding so that as soon as they clear their crowdfunding orders they can go straight to market. On the 3D printing landscape they are poised to do better on retail shelves than rival Robo3D or industry mainstay Makerbot.
That’s clearly what Alsop Louie Partners, Arden Road Investments, Biotechonomy, Dolby Family Ventures, First Round Capital, Idealab and frogVentures saw in the company when they all participated in New Matter’s $6.5 million dollar series A round.
Alsop Louie Partners’ Gilman Louie stated, “We are very excited to continue our partnership with New Matter through this investment round. The MOD-t and the New Matter Store are poised to bridge the gap in consumer 3D printing user experiences and lead the charge into mass adoption of 3D printing in 2015.” Crowdfund Insider reported.
Customers who didn’t get in on the crowdfunding will be able to pick up a MOD-t 3D printer later in the spring. In addition, New Matter also plans to open up the New Matter store which will feature hundreds of high quality 3D printable design templates from a variety of 3D design artists. Unlike other template sites, these designs will be optimized and ready for the MOD-t
Find out more about New Matter here.