3D specialist Threedy secures USD 10.4 million in Series A

Darm­stadt — Threedy is a high-tech start-up that was foun­ded in 2020 as a spin-off of the Fraun­ho­fer Insti­tute for Compu­ter Graphics Rese­arch (IGD) in Darm­stadt. Three remar­kably successful years after its foun­ding, Threedy has secu­red a USD 10.4 million invest­ment to acce­le­rate growth across multi­ple indus­tries and geogra­phies. New inves­tors in Threedy’s cutting-edge tech­no­logy include LBBW Venture Capi­tal, TRUMPF VENTURE, Futury Capi­tal and Equi­ty­Pit­cher Ventures. The invest­ment unders­cores Threedy’s strong posi­tion to capture a signi­fi­cant market share in the fast-growing indus­trial digi­tal twin space.

Digi­tal trans­for­ma­tion in the industry

Threedy’s instant3Dhub is a high-perfor­­mance spatial compu­ting tech­no­logy that enables custo­mers to use their 3D data in any confi­gu­ra­tion and visua­lize it on a large scale. By making data available and acces­si­ble in real time on any device and at any time, it enables the opti­miza­tion of a variety of digi­tal proces­ses along the entire indus­trial value chain and a signi­fi­cant reduc­tion in the asso­cia­ted costs. By imple­men­ting instant3Dhub, compa­nies can save valuable time and resour­ces, e.g. by elimi­na­ting waiting times and redu­cing license and infra­struc­ture costs.

Threedy enables its custo­mers to estab­lish a modern soft­ware archi­tec­ture that redu­ces depen­dency on the mono­li­thic and closed stacks of estab­lished soft­ware vendors and opens the door for agile deve­lo­p­ment and the scalable roll-out of a modern, light­weight appli­ca­tion layer.

With a wide range of features for digi­tal engi­nee­ring, advan­ced colla­bo­ra­tion and seam­less mixed reality, Threedy’s soft­ware provi­des a strong foun­da­tion for the digi­tal trans­for­ma­tion of the industry.

Working with 3D data beco­mes as easy as sharing a link by simply refe­ren­cing it from any source, e.g. exis­ting PDM/PLM solu­ti­ons, without any prepa­ra­tion or simpli­fi­ca­tion. Threedy’s tech­no­logy enables new, scalable appli­ca­ti­ons across the entire product life­cy­cle, from deve­lo­p­ment to after-sales — web-based and with a zero-foot­print on the client.

By opti­mi­zing 3D data usage and commu­ni­ca­tion, compa­nies can also reduce their envi­ron­men­tal foot­print: busi­ness trips can largely be repla­ced by virtual exch­an­ges, saving resour­ces and time.

In the first three years, Threedy has successfully deve­lo­ped from a Fraun­ho­fer depart­ment into an inde­pen­dent company. Since its foun­ding at the end of 2020, Threedy has grown signi­fi­cantly, almost tripling its work­force to build a team of more than 50 highly quali­fied profes­sio­nals from around the world. The company has not only main­tai­ned its strong custo­mer rela­ti­onships, but has also expe­ri­en­ced remar­kable growth, parti­cu­larly in the auto­mo­tive and manu­fac­tu­ring industries.

Threedy’s cutting-edge tech­no­logy is valued by nume­rous indus­try leaders, inclu­ding the leading German car manu­fac­tu­r­ers. In addi­tion, Threedy has successfully expan­ded its network of part­ner­ships and has grown beyond its origi­nal focus areas of auto­mo­tive and the German market. With a substan­tial 10.4 million dollar Series A invest­ment, Threedy is now ready for the next step, backed by new inves­tors LBBW Venture Capi­tal, TRUMPF VENTURE, Futury Capi­tal and Equi­ty­Pit­cher Ventures. Exis­ting inves­tors Matter­wave Ventures, Fraun­ho­fer and High-Tech Grün­der­fonds (HTGF) rene­wed their commit­ment by parti­ci­pa­ting in the Series A investment.

Threedy will conti­nue its commit­ment to commer­cia­lize its inno­va­tive spatial compu­ting infra­struc­ture and acce­le­rate its adop­tion in various indus­tries and use cases. The invest­ment will enable Threedy to further advance the deve­lo­p­ment of its product portfolio.

Threedy’s expan­sion plans include further inter­na­tio­na­liza­tion, while the company conti­nues to focus on excel­lence and inno­va­tion and sustain­ably supports the digi­tal trans­for­ma­tion of its part­ners. Threedy is now actively looking for new employees in various roles to join the team and help shape the future of the indus­trial digi­tal twin.

“Threedy imme­dia­tely caught our inte­rest with its cutting-edge tech­no­logy and enorm­ous growth poten­tial. The advan­ced spatial compu­ting plat­form fits in with our invest­ment stra­tegy to support breakth­rough digi­tal inno­va­tions that trans­form key indus­tries in the DACH region such as mecha­ni­cal engi­nee­ring or the auto­mo­tive indus­try. Threedy’s instant3Dhub enables orga­niza­ti­ons to effort­lessly access their most valuable assets — 3D data — in real time, on any device, at any time. We are exci­ted to lead this invest­ment and support Threedy’s great team on its future jour­ney,” said Patrick Herlin­ger (Invest­ment Mana­ger, LBBW Venture Capital)

“Threedy has successfully built a strong custo­mer network of leading auto­mo­tive and manu­fac­tu­ring compa­nies for its revo­lu­tio­nary spatial compu­ting tech­no­logy, giving it the poten­tial to become the market leader. As one of Threedy’s valued custo­mers, TRUMPF relies on instant3Dhub to support sales repre­sen­ta­ti­ves with 3D visua­liza­tion. We are very plea­sed to support Threedy’s next growth step with our invest­ment,” explains Jens Ortgiese (Prin­ci­pal, TRUMPF VENTURE)

“We are exci­ted about the oppor­tu­nity to support the Hessian deep-tech company Threedy in a strong inves­tor consor­tium to drive the digi­ta­liza­tion of manu­fac­tu­ring compa­nies world­wide”, Benja­min Krah­mer (Mana­ging Direc­tor, Futury Capital)

“Inno­va­tive compa­nies from the DACH region always arouse our inte­rest imme­dia­tely. With its revo­lu­tio­nary spatial compu­ting approach, Threedy fits perfectly into our invest­ment stra­tegy,” says Sascha Horrig (Foun­ding Part­ner, Equi­ty­Pit­cher Ventures)

“We conti­nue to support Threedy with full commit­ment. In the last three years since its foun­da­tion, Threedy has shown a remar­kable success story and deve­lo­ped from a start-up and Fraun­ho­fer spin-off into an estab­lished company. With more than 50 employees, a growing custo­mer base, valuable part­ner­ships and incre­asing use cases, we look forward to support­ing Threedy’s next growth step,” said Robert Gallen­ber­ger (Foun­ding Part­ner at Matter­wave Ventures), Gregor Haidl (Prin­ci­pal at High-Tech Grün­der­fonds) and Markus Weit­zel (Invest­ment Mana­ger at Fraun­ho­fer Venture)

About LBBW Venture Capital

As an ever­green fund, LBBW Venture Capi­tal has been support­ing startup foun­ders in raising seed or Series A rounds in the DACH region since 1998. Its fields of acti­vity include B2B soft­ware, FinTech, DeepT­ech and life science. LBBW Venture Capi­tal also offers growth support through LBBW’s large custo­mer network and can offer addi­tio­nal finan­cial services in later phases as well as advice on M&A or IPO exits. https://www.lbbwvc.de/

TRUMPF VENTURE

TRUMPF Venture is the corpo­rate venture capi­tal unit of the TRUMPF Group. The CVC arm invests world­wide in early-stage deep-tech start-ups that operate in areas that comple­ment or are adja­cent to TRUMPF’s core business.
https://www.trumpf.com/en_INT/company/trumpf-group/trumpf-venture/

About Futury Capital

Futury Capi­tal is an early and growth stage inves­tor with a focus on tech start­ups in Germany and world­wide. The invest­ment port­fo­lio favors globally scalable busi­ness models in various sectors. Through its LP struc­ture with the State of Hesse, family offices, insti­tu­tio­nal inves­tors and multi­na­tio­nal compa­nies, Futury Capi­tal provi­des stra­te­gic and opera­tio­nal support to the port­fo­lio to help build excep­tio­nal compa­nies. https://www.futurycapital.vc/en

Equi­ty­Pit­cher Ventures

Equi­ty­Pit­cher Ventures is a leading Swiss venture capi­tal firm foun­ded in 2016. It invests in high-growth start-ups from the DACH region in an indus­­try-agno­­stic manner. By working closely with renow­ned indus­try experts, co-inves­­tors and exit part­ners, Equi­ty­Pit­cher paves the way for entre­pre­neurs to access the three key success factors: capi­tal, know-how and network.
https://equitypitcher.com/en/

About Fraun­ho­fer Venture

Fraun­ho­fer Venture is the central spin-off and invest­ment manage­ment depart­ment of the Fraun­ho­­fer-Gesel­l­­schaft. It offers foun­ders, start-ups, indus­trial compa­nies and inves­tors a compre­hen­sive support program with access to the cutting-edge tech­no­lo­gies of 76 Fraun­ho­fer Insti­tu­tes as well as to Fraunhofer’s infra­struc­ture and exper­tise — inclu­ding more than 7,600 patent fami­lies. The range of services offe­red by Fraun­ho­fer Venture includes compre­hen­sive support and advice from the concep­tion to the foun­ding of a company, active manage­ment of Fraun­ho­fer invest­ments, support in the search for finan­cing oppor­tu­ni­ties through to the possi­ble sale of the company.
https://www.fraunhoferventure.de/en.html

Matter­wave Ventures

Matter­wave Ventures is a Euro­pean venture capi­tal company based in Munich that has specia­li­zed in deep tech inno­va­tions with indus­trial appli­ca­ti­ons for many years. The expe­ri­en­ced team invests in early-stage soft­ware and hard­­ware-based busi­ness models throug­hout Europe. The aim is to build world-leading compa­nies that drive the future of indus­trial value crea­tion, impro­ving resource effi­ci­ency, tech­no­logy sove­reig­nty and opera­tio­nal effi­ci­ency. Over the past 20 years, the team has inves­ted in over 60 compa­nies. Matter­wave invests in the “full stack”, from mate­ri­als and compon­ents to complete systems and soft­ware solu­ti­ons. With over EUR 200 million of capi­tal under manage­ment, Matter­wave typi­cally parti­ci­pa­tes in seed and Series A finan­cing rounds with initial invest­ments between EUR 1–4 million. Inclu­ding follow-up finan­cing rounds, more than EUR 10 million can be inves­ted per port­fo­lio company.
https://matterwave.vc

High-Tech Grün­der­fonds
The seed inves­tor High-Tech Grün­der­fonds (HTGF) finan­ces tech­no­logy start-ups with growth poten­tial and has supported more than 700 start-ups since 2005. With the launch of the fourth fund, HTGF has around 1.4 billion euros under manage­ment. The team of expe­ri­en­ced invest­ment mana­gers and start-up experts supports the young compa­nies with know-how, entre­pre­neu­rial spirit and passion. The focus is on high-tech start-ups in the fields of digi­tal tech, indus­trial tech, life scien­ces, chemis­try and rela­ted busi­ness areas. To date, exter­nal inves­tors have inves­ted around EUR 5 billion in the HTGF port­fo­lio in more than 2,000 follow-on finan­cing rounds. In addi­tion, the fund has alre­ady successfully sold shares in more than 170 companies.

Fund inves­tors in the public-private part­ner­ship include the German Fede­ral Minis­try for Econo­mic Affairs and Climate Protec­tion, KfW Capi­tal, and 45 compa­nies from a wide range of industries.