Creative 3D Technologies

Creative 3D Technologies

[Closed for Investment] 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.

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Investment Overview

Raised this Round: Raised: $124,930

Deal Terms

Total Commitments ($USD)

Platform
Microventures
Start Date
07/07/2020
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    Open SEC Filing

Valuation Cap

$4,500,000

Discount

20%

Company & Team

Company

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
Visit Website

Team

Employees
1
Founder Name
Ethan Baehrend
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$1,405
 Runway
1.3 months

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/04/2021 Microventures $4,500,000 $124,930 Convertible Note Funded RegCF
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Founder Profile

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

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Creative 3D Technologies on MicroVentures
Platform: Microventures
Security Type: Convertible Note
Valuation: $4,500,000

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Warning: according to the close date for this deal, Creative 3D Technologies may no longer be accepting investments.

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