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Security Type
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Crowd Note
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Min Investment
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$100
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Offering Date
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July 06, 2020
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Expected Close Date
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January 04, 2021
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Target Raise
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$50.00K-$1.07M
Company Description
Creative 3D Technologies is working to accelerate innovation in the 3D printing space with new and innovative printing methods. It designs and manufactures 3D printing systems for consumers across the industry spectrum. Creative 3D’s products include the Duo, a 3D printer which was designed to feature both large volume and accuracy capabilities while maintaining reliability, usability, quality, and price accessibility, and the Dyad Shift, the company’s newest 3D printer currently in development. The company also develops its own suite of highly interchangeable tool heads for 3D printing, as well as proprietary 3D printing software.
Perks
$500: Thank you to our supporters - web page featuring each investor of our campaign
$1,000: Investor t-shirt - front: Creative 3D logo + investor; back: passion fuels ambition
$2,500: Virtual meet the founder - an online Q&A w/our founder, Ethan
$5,000: 3D printed investor appreciation ‘block’ - C3DT 3D printed logo on top of block. 1st line: company/supporter name; 2nd line: investor
$10,000: Upgrade your duo - receive an exclusive founder’s edition version of the Duo 3D printer, plus take $800 off your order. - Founder’s Edition includes upgraded components & customization options not available with the standard Duo purchase; available post production.
$20,000: Invitation for a memorable experience - private tour, for 10 people, of the new manufacturing facility - Includes a happy hour
$40,000: Personalized founder’s edition of the Duo 3D printer - Brand, name, and logo laser cut onto acrylic; available post production
Key Deal Facts
Featured in more than 20 media outlets including Technori, 3Dprint.com, and the Chicago Tribune
Its 3D printer features a build volume greater than 10.5ft³ and provides support for layer resolutions as small as 30 microns and movement resolutions with precision up to 256x micro-stepping
Raised $35,000 in pre-seed funding from U.K. based Creative ITC
Displayed an early prototype of its 3D printer at CES 2018 at Eureka Park, one of the largest startup events in the worldi
Use of Proceeds
If Creative 3D raises the minimum amount of $50,000, it plans to use the proceeds primarily for the following:
- Equipment purchases (45%)
- General marketing (30%)
- Research and development (25%)
If Creative 3D raises the maximum amount of $1,070,000, it plans to use the proceeds primarily for the following:
- General marketing (6%)
- Research and development (5%)
- Manufacturing (23%)
- Equipment purchases (23%)
- Future wages (23%)
- General working capital (23%)
- Space leasing / upkeep / buildout (7%)
Reveal the Score by Voting
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Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
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The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
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The value of the company compared to similar companies raising money from investors.
Valuation
Security Description
A Crowd Note modifies the typical convertible note so that the crowd does not automatically convert to equity shareholders on the next financing and remain off the issuer’s capitalization table, but the crowd will still participate in any exit as if they had converted to equity. If there is no future financing, the holders of the Crowd Note still have upside, but could miss out significantly.
