Founded in 2013, SD3D Printing provides a one-stop shop for innovative 3D printing, scanning and design services in San Diego. Here’s an investment update from co-founder David Feeney:
“We were recently accepted into the Tech WildCatters (TW) accelerator program in Dallas, Texas. The process includes a $30,000 staged investment to help get us through what they call ‘The Gauntlet,’ which is their version of internally guided due diligence.
“The Gauntlet has five levels through which a startup progresses — Discovery, Build, Launch, Grow and Scale.
“Once a startup reaches Level 5, TW syndicates an investor dinner with the goal of opening and closing the startup’s seed round during that dinner. They lead the round with $100,000 of their own funding. Then the startup pitches to the group to bring in additional angels to the deal.
“Previously, every company that has reached Level 5 of the TW program has successfully oversubscribed their desired seed round during the syndicated investor dinner.
“We expect to reach Level 5 by mid-December. Bennett Berger, our co-founder and president, will be relocating to Dallas to ensure the process runs smoothly and remains on schedule.
“We will also be installing our second 3D printing kiosk at the TW headquarters in downtown Dallas. Our first was installed at iHive last month.”
SOURCE: SD3D Printing