Estonian startup Cloud Factory raises €2M for jewelry 3D printing
11 October, 2022, 15:27
The Tallinn-based startup Cloud Factory has raised €2 million to produce jewelry, using 3D printing technology. Change Ventures led the seed funding round, participants include Superhero Capital and angel investors, EU-Startups reports.
- Founded in 2018 by Taavi Kikas, Kati Kask, Marek Jõeleht, and Erik Karu, Cloud Factory is offering print-on-demand jewelry service for creators, gamers, artists, and brands all over the world. The company uses only natural and sustainable materials and 100% recycled precious metals in the process of making 3D printed jewelry.
- Change Ventures led the new €2 million seed round. It is a €49 million pre-seed/seed VC fund in the Baltics. The fund’s recent investments include Werk, Aerones, and Eurora Solutions. The Finnish seed-stage VC firm Superhero Capital and angel investors Artis Kehris and Andrius Šlimas joined in the round.
“We’re really excited to live in the era of the metaverse and we can bring a really old and traditional industry into this game by producing both physical products and NFTs of exquisite jewellery for leading brands and celebrities,”Taavi Kikas, co-founder and CEO at Cloud Factory, comments.
- The team has already gained fast traction, currently creating high-quality fine jewelry for merchandising partners. The list includes Represent, a crowd-selling platform, and EMP, an alternative merchandise provider, as well as many individual artists.
- The startup will use the funding to scale up its approach to producing cost-effective, sustainable, and highly scalable jewelry production.