Home 3D Printer CreoPop Raises Financing Round Led by 500 Startups – Update

CreoPop Raises Financing Round Led by 500 Startups – Update

After an incredibly successful campaign on the crowdfunding platform Indiegogo, CreoPop secures a round of financing led by 500 Startups.

The 3D printing pen is based on stereolithography and works with a photosensitive resin, that is cured by a UV laser. The “cool ink” makes it therefor safe for children to use, featuring no heated parts or material.

Khailee Ng, Managing Partner of 500 Startups comments: “Of the 40 successful exits we’ve had so far, one was the 3D printing company Makerbot, which was acquired by Stratasys for USD 400 million. We strongly believe in the 3D printing sector. CreoPop specifically will not only bring this game changing technology to wider commercial applications, but also into households. I grew up using Lego blocks to make 3D objects. This generation will grow-up using CreoPop.”

Additionally, the company has been selected as finalist for the Annual SXSW Accelerator competition, where leading startups worldwide present their innovative products featuring impressive technology.

“It is a great honor for CreoPop to have been selected as a finalist for the SXSW Accelerator Awards,” said Andreas Birnik, CEO of CreoPop. “We join the ranks of some of the world’s most successful technology companies and we are also proud to place Singapore on the global technology start-up map.”

 

June 3, 2015: Update – CreoPop raises another financing round

Singapore-based developer of the CreoPop 3D printing pen working with cool ink technology has raised another financing round, this time led by Wavemaker Paterners and the Singapore National Research Foundation. Co-investors include Modal Perdana, Ruvento, 333D and a number of private investors.

“We are delighted to expand our investor base with a number of prominent investors from the venture capital industry, government and industry,” said Andreas Birnik, CEO of CreoPop. “Following this investment round, CreoPop has raised more than SGD 2 million in seed funding which provides a solid foundation for the future.”

We invested in CreoPop because we are very impressed with what the company has achieved to date with limited funds,” said Dennis Goh, Partner at Wavemaker Partners. “CreoPop has made significant breakthroughs in terms of both core 3D printing technology as well as in material sciences for 3D printing inks. At Wavemaker Partners, we look for companies to invest in that has the potential to disrupt entire industries and this is why we decided to back CreoPop.”

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