14 DAY TRIAL // Fuel3D Technologies Ltd. expects to score an initial public offering in 2015, and hold mezzanine financing round later this year, but for now, it has to live with a donation.
Well, not so much a donation as an investment. A syndicate of private investors, led by Ben Gill of London-based Chimera Partners, has provided the company with $2.6 million / €1.90 million.
It's quite a bit more than the $300,000 / €220,000 Fuel 3D raised through last year's Kickstarter crowd-funding campaign, that's for certain.
Not that they're complaining, since they made more than they intended. Understandably too, since Fuel3D were the first to introduce a 3D scanner priced below $1,000 / €732.
“We have always been confident that our technology has the potential to revolutionize the industry and are delighted to have found a group of ambitious and well-resourced investors who share our vision,” said Stuart Mead, CEO, Fuel 3D Technologies.