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http://www.develop3d.com/blog/2014/11/3d-scanning-fuel3d-expanding-operations-to-the-tune-of-4m

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http://www.crowdfundinsider.com/2014/11/54802-fuel3d-secures-6-4-million-expansion-funding

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Fuel3D, a developer of 3D scanning solutions, today announced that it has closed a funding round totaling$6.4 million (£4 million). This funding builds on the company's initial $2.6 million (£1.6 million) funding secured earlier this year and paves the way for the commercial launch of the company's consumer scanner product in 2015.

The funding round was led by Chimera Partners and will be used to ramp-up Fuel3D's production, customer support and international retail distribution after it delivers on its Kickstarter and pre-order commitments.

In addition, Fuel3D will use the funding to expand the scope of the company's technology to address commercial opportunities in a range of vertical markets through its Fuel3D Labs division, including biometrics and eyewear.

Chimera Partners and chairman of Fuel3D, Ben Gill stated,"The initial interest shown by investors in Fuel3D has only been increased since the first funding round and we are very pleased to have been oversubscribed in this round of fundraising. The company continues to impress with its commitment to product development goals and has also made very significant inroads into developing new commercial applications and relationships."

In 2013, Fuel3D raised over $300,000 for the development of an affordable, high resolution handheld 3D scanner through its successful crowdfunding campaign on Kickstarter. The company has expanded rapidly in response to global demand and now has distributors in 23 countries around the world as well as manufacturing operations in Asia.

With its commercial launch expected in early 2015, the Fuel3D scanner is currently in beta-testing with the company's Kickstarter backers.

CEO of Fuel3D, Stuart Mead noted,"This funding round will take Fuel3D through the full commercial launch of our scanner next year, and will allow us to invest in new talent and infrastructure, including growing our operations in the United States. In tandem with our consumer product development, we will also be using the funding to further develop our intellectual property so that we can capitalize on the ongoing interest we receive from international brands in applying our technology in new verticals beyond 3D printing."

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Fuel3D Secures $6.4 Million in Expansion Funding | Crowdfund Insider

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Fuel3D, a developer of 3D scanning solutions, today announced that it has closed a funding round totaling$6.4 million (£4 million). This funding builds on the company's initial $2.6 million (£1.6 million) funding secured earlier this year and paves the way for the commercial launch of the company's consumer scanner

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https://www.pehub.com/2014/11/fuel3d-scores-6-4-mln/

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Fuel3D, a 3D scanning solutions provider, has raised $6.4 million in funding. Chimera Partners led the round.

PRESS RELEASE

Oxford, UK - November 4, 2014 - Fuel3D, a developer of 3D scanning solutions, today announced that it has closed a funding round totaling £4 million ($6.4 million). This funding builds on the company's initial £1.6 million (£2.6 million) funding secured earlier this year and paves the way for the commercial launch of the company's consumer scanner product in 2015.

The funding round was led by Chimera Partners and will be used to ramp-up Fuel3D's production, customer support and international retail distribution after it delivers on its Kickstarter and pre-order commitments.

In addition, Fuel3D will use the funding to expand the scope of the company's technology to address commercial opportunities in a range of vertical markets through its Fuel3D Labs division, including biometrics and eyewear.

"The initial interest shown by investors in Fuel3D has only been increased since the first funding round and we are very pleased to have been oversubscribed in this round of fundraising," said Ben Gill of Chimera Partners and Chairman of Fuel3D. "The company continues to impress with its commitment to product development goals and has also made very significant inroads into developing new commercial applications and relationships."

In 2013, Fuel3D raised over $300,000 for the development of an affordable, high resolution handheld 3D scanner through its successful crowdfunding campaign on Kickstarter. The company has expanded rapidly in response to global demand and now has distributors in 23 countries around the world as well as manufacturing operations in Asia.

With its commercial launch expected in early 2015, the Fuel3D scanner is currently in beta-testing with the company's Kickstarter backers.

"This funding round will take Fuel3D through the full commercial launch of our scanner next year, and will allow us to invest in new talent and infrastructure, including growing our operations in the United States," said Stuart Mead, CEO, Fuel3D. "In tandem with our consumer product development, we will also be using the funding to further develop our intellectual property so that we can capitalize on the ongoing interest we receive from international brands in applying our technology in new verticals beyond 3D printing."

About the Fuel3D scanner
Fuel3D has developed an affordable handheld 3D scanner that delivers fast, high-resolution shape and color capture for a range of 3D modeling applications, such as 3D printing, as well as on-screen applications like 3D art, animation and game development. The scanner's ability to accurately capture color 3D models of the human form is ideally suited to the rapidly growing trend of personalization.

Fuel3D is the world's first 3D scanner to combine pre-calibrated stereo cameras with photometric imaging to capture and process a 3D model in seconds.

About Fuel3D
Fuel3D is a developer of advanced 3D scanning systems and solutions. Originally developed for the medical imaging sector, the Fuel3D technology has been adapted for the broader 3D market, with the goal of bringing the benefits of point-and-shoot 3D imaging to consumers, professionals and businesses. Since raising more than $300,000 and generating worldwide attention through its successful Kickstarter campaign in 2013, the company has gone from strength to strength, raising a further $2.6 million in private investment and signing retail and distribution partners across the world.

Based on technology developed by Professor Ron Daniel, Lecturer in Engineering Science at Oxford University, Fuel3D is today led by Stuart Mead, CEO, a veteran of several successful global technology ventures, and supported by an expert team of hardware and software engineers and scientists. For more information, visit www.fuel-3D.com

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Fuel3D, a 3D scanning solutions provider, has raised $6.4 million in funding. Chimera Partners led the round. PRESS RELEASE Oxford, UK - November 4, 2014 - Fuel3D, a developer of 3D scanning solutions, today announced that it has closed a funding round totaling £4 million ($6.4 million).

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http://techcrunch.com/2014/11/04/fuel3d-pre-ipo

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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.

The latest tranche of cash expands its focus further to other verticals - with eyewear fitting and biometrics in the frame now.

"The intention is to enable retailers to offer 'virtual try-on' capabilities and to simplify and enhance the creation of custom eyewear," a spokesman for the company tells TechCrunch.

He declined to provide specific details on the biometrics applications it is targeting but given the tech enables detailed face scanning - Fuel3D is in the process of developing a "dedicated 270° face scanner" - there's presumably potential to use it to enhance facial recognition systems.

Although the current stated aim of its face scanner, which uses multiple cameras to capture ear-to-ear data of a person's face, is for plugging into retail environments, for virtual try-on use-cases, and also to generate accurate facial measurements for facilitating custom eyewear.

Fuel3D's handheld scanners have been shipped to Kickstarter starters for beta testing but the company is planning a full-scale commercial launch of the device next year.

"This funding round will take Fuel3D through the full commercial launch of our scanner next year, and will allow us to invest in new talent and infrastructure, including growing our operations in the United States," said CEO Stuart Mead in a statement.

"In tandem with our consumer product development, we will also be using the funding to further develop our intellectual property so that we can capitalize on the ongoing interest we receive from international brands in applying our technology in new verticals beyond 3D printing."

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Fuel3D Bags Another $6.4M For Its 3D Scanner Tech As It Eyes New Verticals

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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.

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http://3dprint.com/22902/fuel3d-funding-3d-scanner/

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3DPrint.com | The Voice of 3D Printing / Additive Manufacturing

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Numerous Kickstarter projects have graduated to become full-fledged companies. The ability to exploit the power of the crowd to launch an innovative new idea or product is changing the way companies access capital. Take for instance Oculus, a Kickstarter success which later sold to Facebook for $2 billion.

Another Kickstarter hit, this time a 3D scanner, has graduated from Kickstarter to become a company which is firing on all cylinders. After raising over $325,000 for their 3D scanner on the crowdfunding platform, and then another $2.6 million earlier this year via venture capital, Fuel3D has stepped things up a notch. Today the company, which was launched out of Oxford University, has announced an additional $6.4 million raised in a brand new funding round.

This latest round was led by Chimera Partners and will be put to good use in ramping up production in preparation of the launching of their consumer 3D scanner into the market next year. The funding will also enable the company to hire additional customer support representatives, expand globally, and address several vertical market opportunities for products within the biometrics and eyewear spaces.

"The initial interest shown by investors in Fuel3D has only been increased since the first funding round and we are very pleased to have been oversubscribed in this round of fundraising," said Ben Gill of Chimera Partners and Chairman of Fuel3D. "The company continues to impress with its commitment to product development goals and has also made very significant inroads into developing new commercial applications and relationships."

Currently Fuel3D has their manufacturing operations located in Asia with distributors spread out among 23 different countries. By combining pre-calibrated stereo cameras and photometric imaging, the Fuel3D scanner is capable of capturing images and converting them into a 3D model within seconds. Despite the influx of new applications which can turn ordinary smartphones into 3D scanners, Fuel3D's product should appeal to a large portion of the market looking for fast, high-quality scanning technology.

"This funding round will take Fuel3D through the full commercial launch of our scanner next year, and will allow us to invest in new talent and infrastructure, including growing our operations in the United States," said Stuart Mead, CEO of Fuel3D. "In tandem with our consumer product development, we will also be using the funding to further develop our intellectual property so that we can capitalize on the ongoing interest we receive from international brands in applying our technology in new verticals beyond 3D printing."

Early reviews of their scanners have been outstanding. It will be interesting to see where they take this technolgy next, and what products may eventually have 3D scanning integrated into them as Fuel3D expands their scope. Have you used a Fuel3D scanner? What are your thoughts? Discuss in the Fuel3D Forum thread on 3DPB.com

YOU MAY ALSO LIKE...

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Fuel3D Announces $6.4 Million in Additional Funding

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Numerous Kickstarter projects have graduated to become full-fledged companies. The ability to exploit the power of the crowd to launch an innovative new idea or product is changing the way companies access capital. Take for instance Oculus, a Kickstarter success which later sold to Facebook for $2 billion.

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http://www.tctmagazine.com/additive-manufacturing/fuel3d-secures-4-million-funding-ahead-of-commercial-launch/

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Fuel3D, developer of advanced 3D scanning systems and solutions, has announced that it has secured funding around a total of £4 million paving the way for the commercial launch of the its consumer scanner product in 2015.

Led by Chimera Partners, the funding round will be used to accelerate Fuel3D's production, customer support, international retail distribution and expand the scope of the company's technology to address commercial opportunities in a range of vertical markets including biometrics and eyewear.

"The initial interest shown by investors in Fuel3D has only been increased since the first funding round and we are very pleased to have been oversubscribed in this round of fundraising," said Ben Gill of Chimera Partners and Chairman of Fuel3D. "The company continues to impress with its commitment to product development goals and has also made very significant inroads into developing new commercial applications and relationships."

Back in 2013 Fuel3D raised over $300,000 for the development of an affordable, high resolution handheld 3D scanner through a successful Kickstarter campaign.

Expected in 2015, the Fuel3D scanner is currently in beta-testing with the company's Kickstarter backers. It is the world's first 3D scanner to combine pre-calibrated stereo cameras with photometric imaging to capture and process a 3D model in seconds.

"This funding round will take Fuel3D through the full commercial launch of our scanner next year, and will allow us to invest in new talent and infrastructure, including growing our operations in the United States," said Stuart Mead, CEO, Fuel3D. "In tandem with our consumer product development, we will also be using the funding to further develop our intellectual property so that we can capitalize on the ongoing interest we receive from international brands in applying our technology in new verticals beyond 3D printing."

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Fuel3D secures $4 million funding ahead of commercial launch

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Fuel3D, developer of advanced 3D scanning systems and solutions, has announced that it has secured funding around a total of £4 million paving the way for the commercial launch of the its consumer scanner product in 2015.

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http://venturebeat.com/2014/11/04/funding-daily-todays-tech-funding-news-in-one-place-4/

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Here's a list of today's tech funding stories, updated as the day unfolds. Tip us here if you have a deal to share.

Intel Capital, the venture arm of the world's biggest chipmaker, unveiled that it has invested $62 million in 16 tech startups. The investments show that Intel remains bullish about funding new tech companies that could one day spur lots of purchases of its microprocessors and other gear.

Social logins - when you're asked to use your Facebook, LinkedIn, or other social network credentials - are more than just time-savers. They've become keys to the kingdom of identity, which is why identity management provider Gigya has just scored $35 million. This brings investment in the company, which helps sites manage social logins, to $104 million. Intel Capital led the round.

Nitro raises $15M

Nitro, a company that sells PDF reading and management tools, announced it has raised $15 million in new funding. The company, who helps its customers eliminate paper documents, will use the new funding for growth.

Read more: Press release

New York-based human resources company Namely announced that it has raised $12 million in a second round of funding. Namely provides tools to manage services such as payroll and benefits, performance management, employee engagement, recruiting, and more. Matrix Ventures led the round, with additional participation from True Ventures, Lerer Ventures, and Bullpen Capital.

Fuel3D raises $6.4M

U.K.-based Fuel3D, maker of handheld 3D scanners, announced a $6.4 million raise led by Chimera Partners. In a press release, Fuel3D says the new funds will "ramp up Fuel3D's production, customer support, and international retail distribution after it delivers on its Kickstarter and pre-order commitments."

Read more: Press release

Riffsy, the maker of a popular GIF keyboard for iOS 8, has raised $3.5 million in funding from some pretty solid investors. The company is funded by Redpoint Ventures, Initial Capital, and new Unity Technologies CEO John Riccitiello. Riffsy was founded in February and is based in Berkeley, Calif.

Blueshift raises $2.6M to help e-commerce companies find repeat customers

San Francisco-based Blueshift Labs announced a $2.6 million funding round led by New Enterprise Associates and Nexus Venture Partners. Blueshift claims its service "enables e-commerce marketers to convert visitors into repeat buyers."

Read more: Press release

Contactually, your secret tool for killing it in sales, takes $2M

Washington, D.C.-based Contactually has added $2 million to its seed round, which now stands at $3.5 million, the only capital the startup has raised to date. Investors in the new $2 million funding include Gil Penchina's AngelList Syndicate, Boston Seed, Crystal Tech, Middlebridge Partners, Middleland Capital, Point Nine Capital, and 500 Startups.

'Product engagement company' Pendo raises over $1M

Raleigh, North Carolina-based Pendo announced a $1.025 million raise with participation from Core Capital Partners, Contour Venture Partners, and IDEAFund Partners. Pendo says its software was created to "help software companies increase feature usage, improve usability, and reduce product churn."

Read more: Press release

Good Done Great raises $500K

Good Done Great, a B-corp whose cloud-based software helps large companies better manage their philanthropy efforts, announced that it has raised $500,000 in new funding. The five year-old company raised its new funding from Lighter Capital and will use it to grow its operations to support more clients.

Read more: Press release
This list will be updated with breaking funding news all day. Check back for more.
Sign up for Funding Daily: Get the latest news in your inbox every weekday.

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Funding Daily: Today's tech funding news, in one place

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Here's a list of today's tech funding stories, updated as the day unfolds. Tip us here if you have a deal to share. Intel Capital, the venture arm of the world's biggest chipmaker, unveiled that it has invested $62 million in 16 tech startups.

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http://www.finsmes.com/2014/11/fuel3d-closes-6-4m-funding.html

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Fuel3D, an Oxford, UK-based developer of 3D scanning solutions, closed a $6.4m funding round.

The round was led by Chimera Partners.

The company, which had raised $2.6m earlier this year, intends to use the funds to ramp-up production, customer support and international retail distribution.

Led by Stuart Mead, CEO, Fuel3D develops advanced 3D scanning systems and solutions. Its handheld 3D scanner delivers high-resolution shape and color capture for a range of 3D modeling applications, such as 3D printing, as well as on-screen applications like 3D art, animation and game development.

The company had also raised more than $300k in a Kickstarter campaign in 2013.
FinSMEs
04/11/2014

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Fuel3D, an Oxford, UK-based developer of 3D scanning solutions, closed a $6.4m funding round. The round was led by Chimera Partners. The company, which had raised $2.6m earlier this year, intends to use the funds to ramp-up production, customer support and international retail distribution.

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http://www.3ders.org/articles/20141104-fuel3d-handheld-3d-scanner-secures-4-million-in-expansion-funding.html

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Nov.4, 2014

Fuel3D, a developer of 3D scanning solutions, today announced that it has closed a funding round totaling £4 million ($6.4 million). This funding builds on the company's initial £1.6 million (£2.6 million) funding secured earlier this year and paves the way for the commercial launch of the company's consumer scanner product in 2015.

In 2013, Fuel 3D Technologies raised over $325,000 for the development of an affordable, high resolution handheld 3D scanner through its successful crowdfunding campaign on Kickstarter.

Born in Oxford University, Fuel 3D is claimed to be the world's first 3D scanner to combine pre-calibrated stereo cameras with photometric imaging to capture and process a 3D model in seconds. An expected retail price of Fuel3D scanner is $1,500. The company has expanded rapidly in response to global demand and now has distributors in 23 countries around the world as well as manufacturing operations in Asia.

The new funding round was led by Chimera Partners and will be used to ramp-up Fuel3D's production, customer support and international retail distribution after it delivers on its Kickstarter and pre-order commitments.

In addition, Fuel3D will use the funding to expand the scope of the company's technology to address commercial opportunities in a range of vertical markets through its Fuel3D Labs division, including biometrics and eyewear.

"The initial interest shown by investors in Fuel3D has only been increased since the first funding round and we are very pleased to have been oversubscribed in this round of fundraising," said Ben Gill of Chimera Partners and Chairman of Fuel3D. "The company continues to impress with its commitment to product development goals and has also made very significant inroads into developing new commercial applications and relationships."

With its commercial launch expected in early 2015, the Fuel3D scanner is currently in beta-testing with the company's Kickstarter backers.

"This funding round will take Fuel3D through the full commercial launch of our scanner next year, and will allow us to invest in new talent and infrastructure, including growing our operations in the United States," said Stuart Mead, CEO, Fuel3D. "In tandem with our consumer product development, we will also be using the funding to further develop our intellectual property so that we can capitalize on the ongoing interest we receive from international brands in applying our technology in new verticals beyond 3D printing."

Posted in 3D Scanning

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Nov.4, 2014 Fuel3D , a developer of 3D scanning solutions, today announced that it has closed a funding round totaling £4 million ($6.4 million). This funding builds on the company's initial £1.6 million (£2.6 million) funding secured earlier this year and paves the way for the commercial launch of the company's consumer scanner product in 2015.

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http://www.prnewswire.co.uk/news-releases/fuel3d-secures-64-million-in-expansion-funding-281435741.html

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The funding round was led by Chimera Partners and will be used to ramp-up Fuel3D's production, customer support and international retail distribution after it delivers on its Kickstarter and pre-order commitments.

In addition, Fuel3D will use the funding to expand the scope of the company's technology to address commercial opportunities in a range of vertical markets through its Fuel3D Labs division, including biometrics and eyewear.

"The initial interest shown by investors in Fuel3D has only been increased since the first funding round and we are very pleased to have been oversubscribed in this round of fundraising," said Ben Gill of Chimera Partners and Chairman of Fuel3D. "The company continues to impress with its commitment to product development goals and has also made very significant inroads into developing new commercial applications and relationships."

In 2013, Fuel3D raised over $300,000 for the development of an affordable, high resolution handheld 3D scanner through its successful crowdfunding campaign on Kickstarter. The company has expanded rapidly in response to global demand and now has distributors in 23 countries around the world as well as manufacturing operations in .

With its commercial launch expected in early 2015, the Fuel3D scanner is currently in beta-testing with the company's Kickstarter backers.

"This funding round will take Fuel3D through the full commercial launch of our scanner next year, and will allow us to invest in new talent and infrastructure, including growing our operations in ," said "In tandem with our consumer product development, we will also be using the funding to further develop our intellectual property so that we can capitalize on the ongoing interest we receive from international brands in applying our technology in new verticals beyond 3D printing."

About the Fuel3D scanner
Fuel3D has developed an affordable handheld 3D scanner that delivers fast, high-resolution shape and color capture for a range of 3D modeling applications, such as 3D printing, as well as on-screen applications like 3D art, animation and game development. The scanner's ability to accurately capture color 3D models of the human form is ideally suited to the rapidly growing trend of personalization.

Fuel3D is the world's first 3D scanner to combine pre-calibrated stereo cameras with photometric imaging to capture and process a 3D model in seconds.

About Fuel3D
Fuel3D is a developer of advanced 3D scanning systems and solutions. Originally developed for the medical imaging sector, the Fuel3D technology has been adapted for the broader 3D market, with the goal of bringing the benefits of point-and-shoot 3D imaging to consumers, professionals and businesses. Since raising more than $300,000 and generating worldwide attention through its successful Kickstarter campaign in 2013, the company has gone from strength to strength, raising a further $2.6 million in private investment and signing retail and distribution partners across the world.

Based on technology developed by Professor , Lecturer in Engineering Science at Oxford University, Fuel3D is today led by Stuart Mead , CEO, a veteran of several successful global technology ventures, and supported by an expert team of hardware and software engineers and scientists. For more information, visit http://www.fuel-3D.com

Note to editors: Images and other content relating to this story is available at: http://www.fuel-3d.com/media-center

SOURCE Fuel3D

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Fuel3D Secures $6.4 Million in Expansion Funding

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The funding round was led by Chimera Partners and will be used to ramp-up Fuel3D's production, customer support and international retail distribution after it delivers on its Kickstarter and pre-order commitments. In addition, Fuel3D will use the funding to expand the scope of the company's technology to address commercial opportunities in a range of vertical markets through its Fuel3D Labs division, including biometrics and eyewear.