{"id":192174,"date":"2022-10-11T00:00:00","date_gmt":"2022-10-11T00:00:00","guid":{"rendered":"https:\/\/facfox.com\/news\/cloud-factory-raises-e2m-in-seed-funding-for-3d-printed-jewelry-consumer-products\/"},"modified":"2022-10-11T00:00:00","modified_gmt":"2022-10-11T00:00:00","slug":"cloud-factory-raises-e2m-in-seed-funding-for-3d-printed-jewelry-consumer-products","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/cloud-factory-raises-e2m-in-seed-funding-for-3d-printed-jewelry-consumer-products\/","title":{"rendered":"Cloud Factory raises \u20ac2M in seed funding for 3D printed jewelry Consumer Products"},"content":{"rendered":"

Cloud Factory, one of the world\u2019s first companies to use direct metal 3D printing<\/a> to scalably manufacture fine jewelry, cost-effectively and sustainably, has raised a \u20ac2M ($2.1M) seed round, led by Change Ventures, one of the leading early-stage funds in the Baltics.<\/p>\n

Part<\/a>icipants in the round include Superhero Capital, a seed-stage venture capital firm based in Finland, and angel investors Artis Kehris (Printify co-founder), and Andrius \u0160limas (Oberlo co-founder and CEO).<\/p>\n

Cloud Factory team Taavi, Erik, Kati, and Marek <\/p>\n

Cloud Factory was founded in Tallinn, Estonia, in 2018, by Taavi Kikas (CEO), Kati Kask (COO), Marek Jo\u0303eleht (CTO), and Erik Karu (CFO), and will use the investment to increase its manufacturing capacities and further develop its online platform for product creation and effortless order management integrations to meet the demand of the new era of celebrities and brands.<\/p>\n

Cloud Factory is one of the first zero-waste jewelry factories in the world to use resource-efficient 3D printing<\/a> technology. Only natural and sustainable materials, and 100% recycled precious metals, are used in the 3D printing<\/a> of the jewelry, through an on-demand manufacturing model.<\/p>\n

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Cloud Factory helps musicians, brands, and celebrities create their own branded jewelry merchandise through a fully managed service that offers concept building, manufacturing, branded packaging, and drop shipping. Its innovative production method uses direct metal 3D printing<\/a> which minimizes the usual production cost and time to produce fine-quality jewelry.<\/p>\n

Fan merch is currently limited, with t-shirts, baseball caps, and beanies being the usual go-to options due to mass-production affordability and being easily customizable with a variety of different designs. Through Cloud Factory, making an entirely new jewelry piece is as easy as printing a logo, and brands can effortlessly level up their merchandising portfolio with the addition of new jewelry designs.<\/p>\n

Cloud Factory\u2019s fully managed service gives celebrities, brands, and creators the ability to offer fans quality, state-of-the-art<\/a> products without the time-consuming effort of having to develop and launch new products.<\/p>\n

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The services that Cloud Factory provides, such as developing design ideas, dealing with pre-orders, and managing inventory, gives creators the freedom to spend their time developing their work and brand. The flexible 3D printing<\/a> process allows clients to launch products quickly and adjust merchandising selections according to new content or fast-changing trends. In addition to this, it gives fans a wider, and more exclusive, choice of memorabilia beyond the standard offerings.<\/p>\n

The team is now creating high-quality fine jewelry for international merchandising part<\/a>ners, including direct-to-fans crowd-selling platform, Represent, and Europe\u2019s leading provider of alternative merchandise, EMP, as well as individual art<\/a>ists such as YouTuber and gamer CoryxKenshin, American rapper and member of popular K-pop band GOT7, Mark Tuan, DJ Alan Walker, and numerous jewelry and lifestyle brands.<\/p>\n

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\u201cCurrently there is no other company in the world offering the same manufacturing model as the one we\u2019ve developed. Our unique in-house printing processes, and post-production operations, enable us to use metal 3D printing<\/a> for volume manufacturing of high-quality jewelry products in a cost-efficient and sustainable way. We are bringing a new dimension to an often outdated sector by simplifying the processes of creating and launching personal jewelry products,\u201d said Kati Kask, Co-Founder, and COO of Cloud Factory.<\/p>\n

Cloud Factory is digitalizing fine jewelry creation as it aims to build a manufacturing network of fully automated, on-demand printing hubs around the globe that offer a fast, affordable, sustainable, and local service for celebrities and ecommerce brands. The company is also launching its first jewelry NFTs in collaboration with several global celebrities to bridge between digital and tangible jewelry products.<\/p>\n

\u201cWe are really excited to live in the era of the metaverse and we are able to bring a really old and traditional industry into this game by producing both physical products and NFTs of the exquisite jewelry for leading brands and celebrities,\u201d added Taavi Kikas, Founder and CEO of Cloud Factory.<\/p>\n

According to a recent report from luxury brand consultants Matter of Form, the jewelry industry is set to be worth $480.5B by 2025, and this is despite a 25% dip in sales for watch and jewelry makers in 2020 during the COVID-19 pandemic. Cloud Factory was able to avoid a drop in sales during the pandemic as most of the processes involved in the creation and manufacturing of 3D jewelry can be done remotely. While physical jewelry productions across the globe temporarily closed, Cloud Factory\u2019s online orders kept growing as it saw a 213% increase in sales across 2020 in comparison to 2019.<\/p>\n

\u201cThe jewelry industry is a lucrative one, and Cloud Factory has brought a new dynamism to it,\u201d said Rait Ojasaar, Investment Part<\/a>ner at Change Ventures. \u201cMost traditional jewelers have long lead times, aren\u2019t hugely sustainable, and don\u2019t offer the hands-on experience that Cloud Factory provides \u2013 from initial design ideas, to branding and direct shipping to customers. It\u2019s a business that\u2019s ideally placed for those art<\/a>ists, musicians, and celebrities who are looking for a way to create prime quality and high volume trendy statement jewelry for their fans.\u201d<\/p>\n

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Tetra Pak and Aectual 3D print recycled furniture: <\/a>Aectual is taking recycled materials one step further than the recycling facility and is systematically creating high-quality products that retain, or exceed, their original value \u2013 proving the potential of large-scale upcycling, and demonstrating the direction in which fully circular design can take us.<\/p><\/blockquote>\n

* This article is reprinted from 3D Printing Media Network<\/a>. If you are involved in infringement, please contact us to delete it.<\/p>\n

<\/i> Author: Edward Wakefield<\/p>\n","protected":false},"excerpt":{"rendered":"

Cloud Factory, one of the world\u2019s first companies to use direct metal 3D printing to scalably manufacture fine jewelry, cost-effectively and sustainably, has raised a \u20ac2M ($2.1M) seed round, led by Change Ventures, one of the leading early-stage funds in the Baltics.<\/p>\n","protected":false},"author":3,"featured_media":192176,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"fifu_image_url":"\/wp-content\/uploads\/2022\/10\/4088753183544862980.jpg","fifu_image_alt":"","footnotes":""},"categories":[223],"tags":[4931],"class_list":["post-192174","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-consumer","tag-3d-printing-service-providersjewelrymass-customizationmetal-additive-manufacturingmoney-fundingon-demand-manufacturingprecious-metals"],"yoast_head":"\nCloud Factory raises \u20ac2M in seed funding for 3D printed jewelry Consumer Products - 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