Co Print 3D announces new products and raises $650,000 through a crowdfunding campaign
Co Print 3D is a Turkish 3D printer startup that raised $650,000 USD via a campaign run on the Turkish crowd-funding platform Fonbulucu. After attracting 2,742 investors the campaign quickly surpassed its initial target of $500,000. The funds, which were raised in a record breaking time of just 7 minutes, bring the company’s total investment to $1.2 million (23 million₺) to date.
Co Print also received significant funding from Haluk Bayraktar (CEO of BAYKAR Technology), the developer of unmanned combat aircraft. The Co Print series II will be launched at Rapid+TCT in May. The Co Print series II, which includes their flagship ChromaPad, Phoenix hotend and CX-I Extruder will be at Booth 1517 in Chicago during the event.
Co Print will use its revenue model in the future to expand its portfolio of additive manufacturing and to achieve further growth on the global market for additives. In addition, the company plans to launch its newest Kickstarter campaign in the near-future, based on the success of the latest crowdfunding effort.
Co Print’s growing 3D printing portfolio
The Co Print II series is set to add to the company’s small, but growing, 3D printing portfolio.
Co Print 3D, founded in 2019, launched its first offering – the Co Print Multicolor Printing Modul – through Kickstarter in November 2020, and began production the next year in January.
A Bowden 3D printer accessory, the product raised $206,466 on a crowdfunding website based in the US. Replacing the printer’s existing extruder mechanism, the Co print includes 7 separate filament inserts to enable multi-color printing on machines which traditionally only allow for monochromatic prints.
Multi-filament addon is now available through Co Print’s online store at $546.12. It has received high praise from the tech community. For instance, the Co Print Multi-Filament Module won the 2022 Tom’s Hardware Innovation Award, whilst also earning a Kickstarter Products We Love badge.
Co Print offers its own PLA PLA PRO filaments and PLA PREMIUM.
Crowdfunding for additive manufacturing
Crowdfunding is an effective way to raise funds in the additive industry. This is especially true for 3D printing startups.
For instance, in 2021, UK-based 3D printing start-up Frame Theory 3D used Kickstarter to build funds for its ‘SongBird’ 3D printed self-assembly turntable kit. The project ultimately raised £30,588, more than tripling the original goal of £10,000, thanks to the support of 207 backers. Reaching their initial funding goal in a matter of hours, the campaign received notable backing from MyMiniFactory, Bath Spa University and A H Dodd & Co.
At the time, Frame Theory Co-Founder Charlie Ransford called the SongBird an “educational, 3D printable turntable kit designed to be printed on almost any home 3D printer,” with the build process offering a “hands-on learning experience for the user.”
Elsewhere in 2021, imaging device manufacturer Revopoint 3D Technologies successfully raised £2.271 million through Kickstarter to support the launch of its POP 2 3D scanner, smashing their initial funding goal of just £7,975. Capable of acquiring high-precision 3D point cloud data and achieving a peak single-frame accuracy of 0.1mm, the POP 2 was marketed as a ‘professional quality product at a consumer-grade price.’
This campaign was undoubtedly a success. It allowed Revopoint the opportunity to scale up production. The POP 2 can now be purchased via the Revopoint Online Store.
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Image shows Co Print Series II. Image via Co Print 3D.
