Shapr3D Raises 5.4 Million EUR to Extend its Operations throughout Europe

Creativity diminishes with rigidity, as flexibility leads to more possibilities. This seems to be the motivation of Shapr3D, a Budapest-based tech startup that built the foremost computer-aided design (CAD) modelling app for iPad Pro. Shapr3D raised roughly 5.4 million EUR Series A financing with the help of notable European investors, such as Point Nine and Creandum.

If you’re wondering why engineers, architects, designers, interior designers, 3D hobbyists, jewellery makers, and others consider the advent of this iPad Pro app a piece of good news, the reason is not far-fetched.

Computer, Computer, Computer – Not Computer

The current CAD software only allows the last phases of the design workflow, which is appalling because creativity involves three stages, including early-stage modelling, ideation and creation. The reason for this flaw is the eighth undiscovered wonder of the world, but Shapr3D’s technology offers a solution.

The ability to switch apps when working on a design project without staying glued to your computer desk is often underappreciated, but necessary for maximum output.

According to István Csanády, CEO and founder of Shapr3D, ‘I came up with the idea for Shapr3D because I could see the urgent need for a 3D modelling application that is intuitive and easy to use on the move.’

Though it’s clear that Shapr3D is appealing to designers, the key question remains –  can Shapr3D compete with the present CAD software on Computer?

What the future holds for Shapr3D

The future of Shapr3D seems bright, as the firm was able to gather laudable following online, which includes over 220,000 followers on Instagram and 40,000 on Facebook. Since Shapr3D has been made available on Apple App Store in 2016, it has gotten over a million downloads.

In line with John Peddie research, ‘the market for CAD modelling is estimated at $9 billion annually with 3% annual growth, and Shapr3D is currently growing at 10% a month.

For now, the app isn’t available on iPhone and Android. Also, some users complained about the low quality of the exported designs and the absence of some features found on computer CAD software.

Shapr3D plans to use this funding to establish more offices in Europe, build new distribution routes, and hire more professionals.

Takeaway points

  • Shapr3D raised 5.4 million Euros Series A financing with the help of notable European juvenile-stage venture capital firms, such as Point Nine and Creandum.
  • The current CAD software only allows the last phases of the design workflow, which is crazy because creativity in design involves early-stage modelling, ideation and creation.
  • Sharp3D has commendable following online, which includes over 220,000 followers on Instagram and 40,000 on Facebook.
  • According to John Peddie Research, ‘the market for CAD modelling is estimated at $9 billion annually with 3% annual growth, and Shapr3D is currently growing at 10% a month.

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