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Security Type
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Convertible Note
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Min Investment
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$100
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Offering Date
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April 11, 2018
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Expected Close Date
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July 11, 2018
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Target Raise
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$25.00K-$435.00K
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Deal Notes
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- Funding goal: $25K – $1.07M
- Investment size: min $25, max $107K
- Type of security: Crowd Safe · Learn more
- Discount: 18%
- Valuation cap: $5,000,000
Company Description
The #1 injury caused by active 3D printers are burns. The R3 Printer features Active Overheat Prevention, a proprietary system that eliminates the risk of getting burned. If a print job is overheating, the R3 printer senses it and immediately pauses, doing away with human intervention. An off-the-shelf unmonitored assembly is compared to our heat monitoring test rig. Both testing rigs start at room temperature (green aura) and rapidly heat (red). After the Active Overheat Prevention system detects overheating, the Active Overheat Prevention test rig (right) shuts down and returns apparatus returns to room temperature. The Active Overheat Prevention senses overheating and initializes, letting the printer cool before continuing onward. The R3 Printer is 90% faster than contemporary 3D printers. Working with aerospace engineers, we redesigned key printer components from the ground up, resulting in an 84% weight reduction and the discovery of other secret-sauce upgrades that further boost speed. The result is nearly doubled speeds. An off-the-shelf 3D printer assembly is paced against our R3 Printer Test rig. Our optimized hardware assembly travels significantly faster — and we’re still pushing for even greater speeds. The R3 Printer has a re-designed interior that utilizes the full internal volume of the chassis itself, leading to a 200% increase in build volume compared to current printers of the same chassis size.
Perks
Invest $100 - Your name on the "investors" page of our website to thank you. You can choose not to have your name listed.
Invest $250 - Our engineering runs off of coffee. You get an investor exclusive mug with our logo to show your support. (All of the above included)
Invest $500 - Get your very own R3 Printing t-shirt to show off your investor status! (All of the above included)
Invest $1,000 - Get access to live Q&A/progress sessions with the Founder and Co-Founder over webcam! (All of the above included)
Invest $5,000 - An individual meeting with the R3 Printing team via webcam! (All of the above included)
Invest $10,000 - Get invited to an exclusive investor event/party at our office to celebrate the completion of the campaign! (All of the above included)
Invest $25,000 - Join us in New York to see us in action! We also enjoy food, so let's do dinner and coffee! (All of the above included)
Invest $50,000 - Appointment to our Board of Advisors.
Key Deal Facts
The R3 Printer is an ultra-safe 3D printer for enterprise applications.
Prevents user burns, prints 90% faster than competitors, 200% larger build area than same-sized printers.*
Targeting a $5.6 billion addressable market.
$140K pre-sales signed since Q3 2017.
Use of Proceeds
- General Marketing
- Future Wages
- Research and Development
- General Working Capital
Management Team / Advisory Board Bios
Daniel Downs
Co-Founder, Strategy
Moving into the 3D Printing industry after a successful exit from Manhattan commercial real estate, Dan and Paul found that current 3D Printers had massive impediments that prevented them from widespread adoption in enterprise settings. They decided to tackle these problems directly. Dan brings to the table a deep background in business development, sales, and strategy.
Paul Sieradzki
Co-Founder, Product
During his 5 years as an operations executive, Paul has cultivated trade-secret processes and methods for producing ahead-of-schedule project deliverables. With prior backgrounds in both hardware design and software development, Paul’s acute product vision, operations experience, and passion for elegant creation guides the steady hand leading the R3 Printer creation process. Hardware development feels like home for this tech gadget aficionado and former Eagle Scout.
Deal Notes
- Funding goal: $25K – $1.07M
- Investment size: min $25, max $107K
- Type of security: Crowd Safe · Learn more
- Discount: 18%
- Valuation cap: $5,000,000