CGTrader, the 3D model marketplace of which AGACAD CEO Donatas Aksomitas was a founding angel investor, recently raised €2 million in funding to accelerate global expansion. It’s another example of AGACAD’s vision and contribution to creating the technologies for tomorrow’s AEC.
The investment round was led by Karma Ventures, with participation of Intel Capital and Practica Capital. Karma Ventures Partner Kristjan Laanemaa said that CGTrader is well-placed to become the world’s largest provider of 3D models: “Their track record convinced us that by having more resources they can scale the business and become the global leader in this space.”
Founded in Lithuania in 2011, CGTrader is an online marketplace for high-quality 3D models for use in many industries, including architecture, engineering and construction, for computer graphics, 3D printing as well as VR/AR and gaming applications. By purchasing 3D models instead of building them from scratch, design studios and businesses can shorten project development time and reduce costs.