- News article -

Spinverse investment company 3DBear raises over one million euros of seed funding

30 Nov 2017

Helsinki-based edtech software company 3DBear Ltd has raised over one million euros of seed funding. Investors are New York -based Rethink Education VC, a publicly listed media and publishing company Keski-Pohjanmaan Kirjapaino Oyj, chairman of the Board of Directors of Basware Hannu Vaajoensuu through his investment company, angel investor Tero Lehtonen and an edtech investor and founder Mitch Weisburgh. Current investors Spinverse Group, Glyn Eggar, Kaisa Olkkonen and Veli-Pekka Saarnivaara made additional investments.

“This investment enables the scaling up of our R&D and implementation of our internationalisation strategy. It has been incredible to see how well educational technology and pedagogy developed in Finland has worked for example in the US”, says Kristo Lehtonen, CEO of 3DBear.

”We invested in 3DBear because we recognized the demand for its product, the strength of the team and their execution ability”, says Vesa Pihlajamaa, CEO of Keski-Pohjanmaan Kirjapaino Oyj.

Former Prime Minister of Finland and former Member of the Executive Board of Nokia, Mr. Esko Aho has started as an Advisor for 3DBear. He will help in expanding the business abroad.

3DBear is an online learning tool and platform for 3D printing and augmented reality (AR). It is available all over the US via Junior Library Guild. 3DBear has been incubated from the best education technology accelerator in Europe, xEdu. The growth of the company has been enabled by funding from Tekes, Finnvera, and Technology Industries of Finland Centennial Foundation. 3DBear has been co-developing its products in schools around Finland and US, as well as in KYKY-process by the city of Espoo, Finland and in national innovation initiatives funded by the Finnish National Agency for Education.

More information at 3DBear.

- News -

Relevant posts

CTO of the Year ctoeurope Spinverse News

Who should be the next CTO of the Year Europe?

10 Sep 2019

European innovators deserve to be celebrated for helping to solve some of the most pressing challenges of ou...

White Papers ecosystem Open Innovation

Key insights into building and leading open innovation ecosystems

9 Sep 2019

How to co-create and collaborate in complex and continuously changing environments? What are the cornerstone...

Client News EU funding sustainability

Accelerating biomass conversion technologies - Spinverse helped with 13 M€ EU grant

27 Aug 2019

Avantium N.V. with nine partners across Europe were awarded with a € 13 million grant from Horizon2020's S...

Innovation Challenge competition energy

Submit your idea to the Fingrid Radio Frequency Interference monitoring challenge

13 Aug 2019
EU funding Spinverse News

EU funding Webinar 14.8. – Great opportunity to boost your innovation

23 Jul 2019

Did you know there is still over 10 billion euros of EU funding available for the next year? And, this R&...

Innovation Challenge SME Spinverse News

Innovation Challenge as a springboard to success

17 Jul 2019

While Spinverse Innovation Challenge allows the large companies looking for new ideas to find truly out-of-t...