Overview

Raised to Date: Raised: $124,930

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Microventures

Start Date

07/06/2020

Close Date

01/04/2021

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    

Valuation Cap

$4,500,000

Discount

20%

Rolling Commitments ($USD)

Status

Funded

Reporting Date

01/30/2021

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$690

# of Investors

295

Momentum

Funded

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Creative 3D Technologies

Year Founded

2017

Industry

Industrial Services

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

High

Capital Intensity

High

Location

Austin, Texas

Business Type

Growth

Company Website

Creative 3D Technologies, with a valuation cap of $4.5 million, is raising funds on MicroVentures. The company is focused on manufacturing innovative 3D printing technology. Duo, the 3D printer of Creative 3D Technologies, features a high build volume and provides support for fine layer resolutions. Creative 3D Technologies was founded by Ethan Baehrend in 2017 and raised $35,000 in its pre-seed round of funding in the same year. The current round of crowdfunding has a minimum raise of $50,000 and a maximum raise of $1,070,000, and the proceeds will be used for marketing, equipment purchases, manufacturing, and research and development. Creative 3D Technologies has been featured in over 20 media outlets, including 3Dprint.com and Technori, and has a long expressed interest list of customers.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$0	$0
COGS	$0	$0
Tax	$0	$0
Net Income	$-16,856	$-47,002

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$1,879	$5,552
Accounts Receivable	$0	$0
Total Assets	$1,879	$5,552
Short-Term Debt	$18,043	$19,193
Long-Term Debt	$0	$0
Total Liabilities	$18,043	$19,193

Financials as of: 07/06/2020

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Interview with Creative 3D Technologies Founder Ethan Baehrand

Additive manufacturing — or 3D printing — has been hailed as the future of manufacturing. However, adoption of this new technology has been slower than expected. A dominant mode of 3D printing and a dominant player in the industry are both still lacking.

Creative 3D Technologies is trying to solve a common 3D printing pain point with its innovative printer. Founder Ethan Baehrand doesn’t think you should have to sacrifice fine detail for high build volume, which is often the case with other printers. Creative 3D combines printing technology from multiple modes and formats into one, harnessing the strengths and eliminating the weaknesses. We talked to Ethan about the personal experiences that inspired him to start Creative 3D and where he thinks the industry is heading.

Note: This interview was conducted over email. It has been lightly edited for clarity and length.

Read Founder Interview