- 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

EU funding Spinverse spinbase

Find funding and partners with Spinbase – instantly

25 Feb 2020

Finding funding opportunities and partners for your brilliant innovations and ideas is rarely a walk in the ...

SME Phase 2 EIC Accelerator

Complementary blended finance from EIC Accelerator Pilot for SME Instrument Phase 2 beneficiaries

24 Feb 2020

Is your SME company one of the beneficiaries for the SME Instrument Phase 2? Now known as EIC Accelerator, t...

exponential technologies Open Innovation

How to build new 100 M€ businesses - Unfolding Open Innovation with Patrick Halford

13 Feb 2020

"Ideas that transform markets and solve complex societal issues do not come fully formed or fully funded. Id...

experts Our People Spinverse News

Spinverse family just keeps on growing

6 Feb 2020

New year – new challenges! Mikael Sundholm, Germain Courtois, Amir Moslemi and Patrick Halford all started...

technology industries News innovation ecosystem

Spinverse explored internationally significant innovation and growth ecosystems in Finland ​

3 Feb 2020

For Finland to thrive, we need continuous growth in knowhow and Finland-based companies that have the abilit...

Client News digitalisation R&D

One billion euros of R&D funding for industries of the future

27 Jan 2020

Business Finland and companies involved in its digitalisation programs have joined forces to fund research a...