Helsinki-based edtech software company 3DBear Ltd has raised over one million euros of seed funding. Investors are New York -based Rethink Education VC, a publicly listed media and publishing company Keski-Pohjanmaan Kirjapaino Oyj, chairman of the Board of Directors of Basware Hannu Vaajoensuu through his investment company, angel investor Tero Lehtonen and an edtech investor and founder Mitch Weisburgh. Current investors Spinverse Group, Glyn Eggar, Kaisa Olkkonen and Veli-Pekka Saarnivaara made additional investments.
“This investment enables the scaling up of our R&D and implementation of our internationalisation strategy. It has been incredible to see how well educational technology and pedagogy developed in Finland has worked for example in the US”, says Kristo Lehtonen, CEO of 3DBear.
”We invested in 3DBear because we recognized the demand for its product, the strength of the team and their execution ability”, says Vesa Pihlajamaa, CEO of Keski-Pohjanmaan Kirjapaino Oyj.
Former Prime Minister of Finland and former Member of the Executive Board of Nokia, Mr. Esko Aho has started as an Advisor for 3DBear. He will help in expanding the business abroad.
3DBear is an online learning tool and platform for 3D printing and augmented reality (AR). It is available all over the US via Junior Library Guild. 3DBear has been incubated from the best education technology accelerator in Europe, xEdu. The growth of the company has been enabled by funding from Tekes, Finnvera, and Technology Industries of Finland Centennial Foundation. 3DBear has been co-developing its products in schools around Finland and US, as well as in KYKY-process by the city of Espoo, Finland and in national innovation initiatives funded by the Finnish National Agency for Education.
More information at 3DBear.