3D printing company Robox secures £280,000 seed funding on Kickstarter
Exceeds crowdfunding target with backing from 435 investors to support product launch
3D printing specialist Robox has announced that it has raised £280,991 through equity crowdfunding platform Kickstarter, securing almost three times its original funding goal of £100,000.
435 investors backed the campaign with many signing up to its ‘Beta Supporter’ package in order to help take its printing product to market.
Designed by British-based product development company CEL, Robox offers 3D printers which use “cutting edge technology” and software to brings ideas to life and can be used in the home, school or office.
The print start-up claims its product will attract a “more mainstream audience” as it uses easy to set-up ‘plug and print’ high quality models that enable users to simply choose the design they would like to print and hit start.
It plans to utilise the finance to launch its printer “innovation” in the UK and overseas in the US early next year with a predicted retail price of approximately £849.
The announcement sees the 3D printing trend gain momentum having featured in the Startups ‘what business to start in 2013” as an emerging technology which looked to provide exciting business opportunities in the year ahead.
CEO of Robox, Chris Elsworthy, commented: “[This funding will enable] us to get Robox into the hands of real users that will share their experiences and help feed back into the development process.
“Reaching the initial £100,000 goal this early also means we can start work on some of the longer term developments we’d like to bring to our users and expanding the team here to help support this development.”
Elsworthy continued: “From creating new items like toys and jewellery, to fixing and enhancing existing ones, we believe that Robox will help 3D printing enter the mainstream.”