Wavemaker provides seed funding for Singapore 3D pen developer

This round takes the total seed funding raised by CreoPop to more than S$2 million ($1.5 million). Co-investors include Malaysian VC firm Kumpulan Modal Perdana, participating through its E&E Catalyst fund, Singapore's Ruvento Ventures and 333D, an Australian 3D printing company.

Ruvento is one of several existing backers such as 500 Startups and hardware accelerator HAX Asia. CreoPop has also raised capital through reward-based crowdfunding platform Indiegogo.

The 3D printing pen uses proprietary high-viscosity photopolymers that come with a range of magnetic, glow-in-the-dark and temperature-sensitive inks. CreoPop claims to be the first company to apply photopolymer technology to a portable consumer device, although its intellectual property is applicable to a number of 3D printing applications in the consumer and industrial spaces.

LED diodes are placed around the nozzle of the pen and these immediately solidify the ink when it emerges. Other 3D pens typically rely on heating other kinds of plastic to around 250 degrees Celsius, which can represent a safety hazard.

"We invested in CreoPop because we are very impressed with what the company has achieved to date with limited funds," said Dennis Goh, a partner at Wavemaker, in a statement. "CreoPop has made significant breakthroughs in terms of both core 3D printing technology as well as in material sciences for 3D printing inks. At Wavemaker Partners, we look for companies to invest in that have the potential to disrupt entire industries and this is why we decided to back CreoPop."

Wavemaker is an early-stage, cross-border VC firm headquartered in Los Angeles and Singapore. Part of the DFJ Global Network, it has invested in more than 150 internet, mobile and enterprise technology start-ups since 2003. The government-controlled NRF helps devise national R&D policies and also funds strategic initiatives and R&D capabilities.

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• Topics
• Early-stage
• Southeast Asia
• Technology
• Consumer
• Technology
• Consumer
• Southeast Asia
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• seed