CreoPop, the world’s first 3D pen with cool ink, today announced that the company has raised a financing round led by Silicon Valley based 500 Startups. The device hit Indiegogo this past summer and quickly surpassed its initial $40,000. By the end of its run on the crowdfunding giant, the pen scored over 185,000 thanks to nearly 3,000 backers.
Managing partner of 500 Startups, Khailee Ng stated, “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.”
Singapore-based venture capital firm Ruvento participated in the round together with a number of private co-investors.
Managing partner at Ruvento, Gene Berger noted, “With its innovative and affordable multi-material, multi-color 3D printing solutions, CreoPop is about to disrupt the 3D printing industry. We are impressed with what CreoPop has achieved with its 3D pen and we look forward to seeing a series of new products from the company.”
Additionally, CreoPop has been selected as a finalist in the Innovative World Technologies Category for the 7th Annual SXSW Accelerator competition, the marquee event of SXSW Interactive Festival’s Startup Village, where leading startups from around the world showcase some of the most impressive new technology innovations to a panel of hand-picked judges and a live audience.
CEO of CreoPop Andreas Birnik explained, “It is a great honor for CreoPop to have been selected as a finalist for the SXSW Accelerator Awards. We join the ranks of some of the world’s most successful technology companies and we are also proud to place Singaporeon the global technology start-up map.”
The CreoPop 3D pen uses light-sensitive ink called photopolymers. While this has previously been used for professional applications within the 3D printing industry, CreoPop is the first application of the technology in a portable consumer device. When CreoPop is operated, the ink is immediately solidified by LED diodes surrounding the nozzle of the pen.
This is in contrast to other 3D pens that typically rely on heating ABS and PLA plastic to temperatures of around 250 degrees Celsius / 480 degrees Fahrenheit. In addition to representing a safety hazard, melting plastic also emits an unpleasant smell which is avoided with the CreoPop’s technology.
Since no heating is required, CreoPop is safe in a home environment with children and pets around. The most innovative feature of CreoPop is the large selection of cool inks available including different colors, elastic ink, magnetic ink, glow-in-the-dark ink, temperature sensitive ink and body paint ink.
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