What’s a 3D scanner for? More than just providing source material for 3D printers, reckons Fuel3D, an Oxford University spin-out that last year Kickstarted a consumer-grade, high-resolution handheld 3D scanner.
Today it’s announcing a $6.4 million expansion round of funding, led by Chimera Partners, which it dubs a “pre-IPO round” — having previously penciled in early 2015 for an initial public offering. The funding will be used to scale up the application of its tech.
Fuel3D pulled in $300,000 last year via Kickstarter before going on to secure $2.6 million in early stage VC financing. It also bagged a $1.1 million development contract to broaden the applications of its 3D tech, focusing on medical imaging.