Intel Capital said it made investments in two 3-D printing companies: CGTrader and makexyz. No financial terms were disclosed. Lithuania-based CGTrader runs a marketplace for 3-D models and content. It is the firm’s first investment in Lithuania. U.S.-based makexyz connects people to 3-D printers in their neighborhoods.
Intel Capital Makes 3-D Printing Investments
Lithuanian-based CGTrader and US-based makexyz Exemplify Leadership in High-Growth Space
SANTA CLARA, Calif., Feb. 11, 2014 – Intel Capital today announced two investments in the fast growing world of 3-D printing. CGTrader and makexyz demonstrate the global base of experimentation in this area and the variety of market-ready approaches being developed.
“3-D printing is changing the way individuals and businesses give life to ideas,” said Arvind Sodhani, president of Intel Capital and executive vice president of Intel Corporation. “We’re seeing the impact of this technology on numerous industries, including manufacturing, medical, retail and consumable goods, among others. CGTrader and makexyz will drive the development of the ecosystem.”
Lithuanian-based CGTrader runs a 3-D model marketplace backed by a large community of 3-D designers. With more than 45,000 3-D models on offer, the fast-growing platform helps designers, makers and 3-D printing enthusiasts buy, sell and discover high-quality 3-D content. CGTrader’s community of 3-D designers swelled to more than 30,000 during 2013, up from less than 1,000 people a year earlier, with members responding positively to inspiration, peer feedback and ability to interact in a friendly environment.
“As 3-D printers enter consumer homes, any designer with a brilliant idea will be able to create a breakthrough physical product and easily distribute it to millions of customers worldwide,” said CGTrader CEO Marius Kalytis. “This shift will transform multiple industries – and 3-D content creators will be at the center of this transformation.
“CGTrader is positioned perfectly to take advantage of this change by providing creative individuals with a platform to buy, sell and discover quality 3-D content. The investment of Intel Capital will help us accelerate the growth of our digital library, distribution channels and the community – attracting talented 3-D designers, creators and makers to CGTrader. We were very impressed with the speed of execution from Intel Capital in the transaction.”
U.S.-based makexyz connects people to 3-D printers in their neighborhood. Consumers can upload their own design or choose from ready-to-print 3-D designs from makexyz’s fast-growing database and locally collect the finished article later on.
“Our goal is to help people make stuff – and Intel Capital’s investment strengthens our opportunity to help people make stuff at a significant scale,” said makexyz CEO Nathan Tone. “With a quickly growing, global network of 3-D printers, a lot becomes possible.”
Intel Capital investment director Klaus Konrad led the CGTrader deal, which is Intel Capital’s first investment in Lithuania, the 55th country in which Intel Capital has invested, and Ranjeet Alexis led the makexyz deal. Terms were not disclosed.
CGTrader is a 3D model marketplace backed by a strong community of 3D designers. Founded in 2011 by a 3D designer Marius Kalytis, the company attracted seed funding from Lithuanian venture capital fund Practica Capital in early 2013. CGTrader’s platform enables 3D designers to buy, sell and discover 3D models and participate in a designer-friendly community. As of January 2014, the company has over 45,000 3D models available for sale or download and unites over 35,000 professional 3D designers in the community. CGTrader is based in Vilnius, Lithuania. For more information, please visit CGTrader website: www.cgtrader.com or follow @CG_Trader on Twitter.
makexyz links people who need something made with 3D printers and designers in their neighborhoods. For consumers, makexyz makes it cheap and fast to make awesome stuff. And with the makexyz API, businesses can produce and deliver a product to a customer on the other side of the world in less than one day.
Intel Capital, Intel’s global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$11 billion in over 1,339 companies in 55 countries. In that timeframe, 206 portfolio companies have gone public on various exchanges around the world and 344 were acquired or participated in a merger. In 2013, Intel Capital invested US$333 million in 146 investments with approximately 49 percent of funds invested outside North America. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com or follow @Intelcapital.