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AstroPrint

AstroPrint

Best-in-class Software for the 3D Printing Industry, focusing on ease of use and mass adoption

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Deal Type

SAFE Note

Funding Goal

$2,000,000

Current Reservations

$1,890,000

Minimum Reservation

$20,000

Deal Stage

Seed

Valuation Cap

$7,000,000

Conversion Discount (%)

20%

Open Date

05/01/2018

Maximum Reservation

$100,000

Closing Date

05/31/2018

Elevator Pitch

AstroPrint is best-in-class software for 3D printers. We are quickly replacing the antiquated software of 3D Printers to become the platform that controls and distributes content to every 3D printer.

KPIs

51000 Users
$407,000 Sales
10 Employees

Company Overview

We are doing for the 3D Printing industry what Microsoft did for the computer industry and what Android did for the phone industry.

Problem

Printers that 4 years ago cost $5K now cost $500. Hardware has improved dramatically but software is still antiquated and highly complex. This is the primary issue holding desktop 3D printers from reaching mass adoption.

Solution

AstroPrint licenses software to 3D printer manufacturers in the same way that Microsoft licenses Windows to computer manufacturers. This software makes any 3D printer easy to use, allowing manufacturers to sell to non-technical people.

The software also connects printers to our cloud platform (“AppStore”) where users can find millions of 3D models by using a simple point and click interface.

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Traction

  • Leadership helped build and evangelize the SymbianOS which was deployed in 100M+ smartphones

    May, 2018
  • Locked licensing deals with five 3DP manufacturers (in only two months)

    May, 2018
  • 51,000 3D Printer owners using our software (4000 new users in the last month)

    May, 2018
  • Users have printed over 850,000 3D Prints and 16 tons of plastic

    May, 2018
  • Two fully-funded Kickstarter campaigns. The second campaign funded in just three hours

    October, 2017
  • Opened European office (Spain) to advance global sales and product R&D

    October, 2016

Pitch Deck

Press Mentions

Key Customers & Partners

Airwolf 3D Conrad Marvell NIH Sindoh Materialise New Matter My Mini Factory ZoneStar 3D Slash Ethereal Machines Machina Corp Qtron Industries TresdPro Reliabuild 3D

Testimonials

Will Bunker
Will Bunker
Founder at Match.com
"Rarely do you see a startup that can create a monopoly in a fast growing industry like 3D printing. They have initial traction and a pipeline of companies wanting to adopt their solution."
Dave Hodson
Dave Hodson
Entrepreneurial Executive with Multiple Exits
"AstroPrint has a rockstar team, world changing technology, and a clear path to winning their market. Glad to be on board!"
AstroPrint User
AstroPrint User
"AstroPrint has put 3D Printing in reach of my young daughter who was intrigued by 3D Printing, but was intimidated by other software."
gCreate
gCreate
3D Printer Manufacturer
"We have been experimenting with your new software and we have to say we are quite impressed. Our customers definitely want the features you have."

Previous Funding

  • $475,000 Convertible Note
  • Raise Source: Investors
  • December 2017
  • $420,000 Debt
  • Raise Source: Investors
  • August 2016

Frequently Asked Questions

Why wouldn't a 3D printer manufacturer just build their own software platform?

One 3D Printer manufacturer estimated it would cost $3M+ and take 3 years to develop in-house a platform similar to what AstroPrint is today. Because AstroPrint will continue evolving, their software would still be 3 years behind AstroPrint, leaving them with a second-class offering. Any competitor that has adopted AstroPrint software will always have a better offering than they could provide internally.

Why will AstroPrint get 80%+ marketshare?

We learned from the computer and smartphone industries that developers will only build for the top two platforms on the market. This is why phones only have two predominate platforms (iOS and Android) and computers only have two predominate platforms (MacOS and Windows). The 3D Printing industry will follow suit, ending up with one closed platform and one open platform. AstroPrint is on track to be the clear-market-winner as the open platform for the 3D Printing industry.

How will the funds be used?

With the closing of five B2B deals in the previous eight weeks, we feel like we've hit a solid product/market fit. Funds will be used to expand global B2B sales efforts and fund continued product development.

Risks & Disclosures

General investment risks apply.

Due to SEC regulations, this funding opportunity is only available to accredited investors.

Documents

Confidential

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