Sketchfab scores $2M in round led by Balderton Capital
Sketchfab gathered USD 2 million in a funding round led by Balderton Capital. The fundraising was also participated in by Partech Ventures, Borealis Ventures, TechStars Founder David Cohen and the company's existing angel investors.
Sketchfab is as an online platform that can publish interactive 3D files. Balderton Capital, meanwhile, is a London-based venture capital firm which manages over USD 1.9 billion and has made investments in more than 100 companies.
Proceeds of the round will be used to scale the Sketchfab platform and add to its workforce which now employs 10 people who work in both the Paris and New York bases of the company. It will also be used for the continued product development and improvement.
Founded in Paris in March last year, Sketchfab supplies professional 3D content creators with a service that is easy to use. Designers, architects, engineers and artists are now able to publish and embed their interactive 3D models on any webpage in real time without having to use plugins. The company, which graduated from TechStars NYC in June this year, now has nearly 100,000 users. Each month, more than three million page views are generated by the models that are uploaded to the Sketchfab platform. Major brands and media outlets also use the firm's technology for online launches of their new products.
Sketchfab Chief Executive Officer Alban Denoyel said in a statement, "Completing this financing round marks a major milestone in Sketchfab's short history. With our investors' support and experience in helping ambitious companies go truly global behind us, I am excited to get to work on the next phase of our growth."
Sketchfab said it is also the first service to carry 3D display to other platforms including Kickstarter, Reddit, LinkedIn or Behance. Most of major 3D software are also integrated to the Sketchfab platform.