Osborne Clarke has advised 3D specialist Threedy on a successful Series A financing round totalling USD 10.4 million.
Threedy was founded at the end of 2020 as a spin-off of the Fraunhofer Institute for Computer Graphics Research (IGD) based in Darmstadt by Christian Stein, Johannes Behr, Maik Thöner and Sascha Räsch. The company founders developed the instant3Dhub platform, which supports visualisation applications in the automotive, aviation and aerospace sectors. For example, companies can use the software to develop their own digital twins, i.e. applications that visualise their products in three dimensions, to present them to their own customers online.
Instant3Dhub can be seamlessly integrated into existing systems and makes it easier for users to utilise the full potential of their 3D data. By making data available and accessible in real time on any device and at any time, the application enables the optimisation of a wide range of digital processes along the entire industrial value chain and a significant reduction in the associated costs. Customers such as Mercedes, BMW, Porsche and Trumpf already rely on Threedy.
The company now wants to significantly develop its product portfolio to gain a foothold in additional sectors and regions: In a recently completed Series A financing round, Threedy raised USD 10.4 million for this purpose. Investors include LBBW Venture Capital, Trumpf Venture, Futury Capital and EquityPitcher Ventures as well as existing investors Matterwave Ventures, Fraunhofer Venture and High-Tech Gründerfonds (HTGF).
“Threedy's expansion plans include further internationalisation, while the company continues to focus on excellence and innovation and sustainably supports the digital transformation of its partners,” the company states.
The Osborne Clarke team that advised Threedy, led by Nicolas Gabrysch, consisted of Dr Jana Bertus, Benedikt Hülsmann (all Corporate / VC), Manuel Schuster and Susanne Schricker (both Competition).