Estonian VR startup Wolfprint 3D said it has raised over $500,000 of seed investment through its equity crowdfunding campaign on Seedinvest to stengthen its product and to expands its business in the United States.
Co-founder Timmu Tõke said it was too early to comment on the exact size of the round as talks with the few investors would continue into 2017.
“We are really looking for developers now in Estonia, people who would have experience in backend, iOS, computer vision, game engines, you name it,” Tõke told ArcticStartup.
Wolfprint 3D believes that in an increasingly VR-focused world every person needs a unique 3D avatar and that the only way to create a realistic life-like avatar is by using 3D scanning. Currently, high-quality 3D scans can cost over $500. In addition, 3D scanners on the market are typically large and require an operator. The cost of production limits scalability.
So to solve the problem it has build scanning booths – similar to photo booths which cover the world, and offers a cost-effective, scalable 3D scanning solution that allows every individual to have a realistic virtual 3D avatar.