New Matter, a leader in consumer 3D printing, announced today the close of its Series A Funding round of $6.5M. Alsop Louie Partners led the round, with other notable investors including Arden Road Investments, Biotechonomy, Dolby Family Ventures, First Round Capital, Idealab and frogVentures, the investment arm of global product strategy and design firm frog.
Founded in 2014, New Matter’s mission is to bring affordable, reliable, and easy to use 3D printing into every home and school. New Matter will use the capital to accelerate product development efforts of the MOD-t and New Matter Store.
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.”
In addition to shipping the MOD-t in Spring 2015, New Matter will be launching the New Matter Store, a 3D design marketplace optimized for and fully integrated with the MOD-t printer, offering hundreds of high-quality, curated designs from today’s most influential 3D design artists.
Co-founder and CEO of New Matter, Steve Schell noted, “After being available in the industrial sector for many years, consumer 3D printing is truly coming to market in 2015. With this funding, we will be able to create the standard for consumer 3D printing. We are excited to build the first truly comprehensive 3D printing ecosystem that will make creating 3D objects as easy as clicking ‘print’.”
The MOD-t was initially funded through the Indiegogo crowdfunding platform, raising more than $680,000 and pre-selling over 2,600 units of one of the most affordable 3D printers currently on the market. New Matter will use this funding round to prepare the MOD-t for commercial availability later in 2015.
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