R3 Printing
About this raise: R3 Printing, the manufacturer of purpose-built R3 Printer, is raising funds on Republic. R3 Printer is an innovative 3D printer suitable for running an affordable on-demand manufacturing service. The printer prints 90% faster and 200% larger than competitors, and gives a competitive advantage to the manufacturers. The printer also comes with overheat prevention that eliminates printer jams. R3 Printing was founded by Daniel Downs and Paul Sieradzki in March 2018 and has a valuation cap of $7.5 million. The current crowdfunding round, with a minimum goal of $25,000 and a maximum goal of $435,000, will be used for tweaks in the hardware components of R3 Printer and to scale efficiently. R3 Printing has already received a government grant from the United States Air Force and is undertaking initiatives to grow further.
Investment Overview
Invested : $435,000
Deal Terms
Total Commitments ($USD)
- Platform
- Republic
- Start Date
- 05/21/2019
- Close Date
- 09/30/2019
$25,000
$435,000
$100
SAFE
RegCF
$7,500,000
18%
Company & Team
Company
- Year Founded
- 2018
- Industry
- Industrial Services
- Tech Sector
- Location
- Los Angeles, California
- Company Website
-
Visit Website
Team
- Employees
- 5
Financials
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 03/22/2024 | StartEngine | $35,000,000 | $3,384,258 | Convertible Note | Funded | RegCF |
| 06/29/2021 | StartEngine | $8,000,000 | $1,630,000 | Convertible Note | Funded | RegCF |
| 09/30/2019 | Republic | $7,500,000 | $435,000 | SAFE | Funded | RegCF |
| 07/11/2018 | Republic | $5,000,000 | $97,978 | SAFE | Funded | RegCF |
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.
Employee History
Founder Profile
Founder Profile: Dan Downs Taking 3D Printing Back To The Basics
At time of publication, June 16, R3 Printing had raised $57.7KThe global 3D printing market is estimated to be worth a whopping $32.8B by 2023 and a NY-based printer manufacturer looks poised to capitalize. R3 Printing co-founders Dan Downs and Paul Sieradzki are taking a different approach to the industry by focusing on something seemingly lost in the VC-saturated market: the product itself.
I chatted with Dan to find out a little more about the logistics behind one of the safest and most efficient 3D printers entering the market.