R3 Printing
Early Stage
Manufacturing is about to get personal.
Overview
Raised: $435,000
Total Commitments ($USD)
Platform
Republic
Start Date
05/21/2019
Close Date
09/30/2019
Min. Goal
$25,000
Max. Goal
$435,000
Min. Investment
$100
Security Type
SAFE
SEC Filing Type
RegCF
Valuation Cap
$7,500,000
Discount
18%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/30/2019
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,295
# of Investors
2,062
Momentum
Funded
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Year Founded
2018
Industry
Industrial Services
Tech Sector
CommerceTech
Location
Los Angeles, California
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.
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| R3 Printing | 01/10/2024 | StartEngine | $35,000,000 | $2,331,948 | Convertible Note | Active | RegCF |
| R3 Printing | 06/29/2021 | StartEngine | $8,000,000 | $1,630,000 | Convertible Note | Funded | RegCF |
| R3 Printing | 09/30/2019 | Republic | $7,500,000 | $435,000 | SAFE | Funded | RegCF |
| R3 Printing | 07/11/2018 | Republic | $5,000,000 | $97,978 | SAFE | Funded | RegCF |
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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.
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