Sketchfab raises $2m to scale its “YouTube for 3D files”
Paris & New York, 5 December 2013 – Sketchfab, the leading online publishing platform for interactive 3D files, has announced today that it has raised $2m in a fundraising round led by Balderton Capital. Partech Ventures, Borealis Ventures, David Cohen (founder of TechStars) and existing angel investors also participated in the funding round.
Sketchfab was founded in Paris in March 2012 to answer the need and opportunity to supply professional 3D content creators, such as designers, architects, engineers and artists, with an easy-to-use web service that allows them to publish and embed their interactive 3D models in real-time without the need for plugins.
Sketchfab, which graduated from TechStars NYC in June 2013, has grown quickly to almost 100,000 users to date; the models uploaded to the platform generate more than three million page views a month. The company today employs 10 people, working from the company’s Paris and New York offices.
Sketchfab will use the funding round to scale its platform, expand its team and continue to develop and improve its product.
Sketchfab is integrated with most major 3D software and has been the first service to bring interactive 3D display to platforms like Kickstarter, Linkedin, Reddit or Behance. The company’s technology is also used by major brands and media outlets to unveil new products online.
Alban Denoyel, CEO of Sketchfab, commented: “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.”
Bernard Liautaud, partner at Balderton Capital added: “The 3D design industry is changing rapidly and Sketchfab are at the forefront of this space. We believe 3D content will play an increasingly important role online in sectors from entertainment to retail. Sketchfab has the potential to lead this charge by bringing 3D design display to millions of people worldwide and making it a standard visual tool that we use across the web.”
Various 3D printing service providers and creators quickly adopted the platform, with artists like Josh Harker coming onboard early on. Sketchfab is also leveraging the rise of 3D scanning technologies, which are getting more portable and affordable, letting anyone without 3D skills publish 3D content through the web.
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Alban Denoyel (for Sketchfab): firstname.lastname@example.org
Sketchfab is a web service to publish and embed interactive 3D models on any web page, and display them in real-time without a plugin. Sketchfab support 27 native 3D formats, and its viewer can be embedded on any webpage as easily as a YouTube video. With offices in NYC and Paris, Sketchfab is a TechStars company (NYC 2013), alumni of Le Camping and WebFWD accelerators. The company has raised $2.5m in total funding so far.
Balderton Capital is one of the largest venture capital firms in Europe, committed to finding and helping talented entrepreneurs build great companies. Based in London, the firm manages more than $1.9 billion. Since 2000, Balderton has invested in over 100 companies, principally across Europe. Notable realised investments include Betfair (the online betting exchange, 2010 IPO), LOVEFiLM (the home entertainment subscription service, sold to Amazon in 2011), MySQL (the open-source database software, sold to Sun Microsystems in 2008), YOOX Group (the online retailer of leading fashion brands, IPO in 2009). The current portfolio includes innovative companies such as 3D Hubs, Globoforce, Kobalt, Natural Motion, Openet Scytl, Talend, The Hut Group, Wonga, Wooga and WorldStores.