Rampersand & Investible Triple on 3D Presentation Platform with a $5.2 Million Raise
A Melbourne startup hoping to become the Canva of 3D presentations has raised another $5.2 million from existing investors.
It is the third time Rampersand and Investible have supported JigSpace, along with Vulpes Investment Management, which previously supported the 3D and augmented reality (AR) product tool in its $6 million Series A in 2021.
The capital will be used to expand the startup’s commercial team and accelerate the global expansion of its AR demo app.
The six-year-old company has doubled monthly active B2B users over the past year and is now used in 83 countries.
The Alfa Romeo F1 team uses JigSpace to give fans a hands-on experience of their car, and now more widely across the industry.
Head of Marketing Stefano Battiston said fans can access our F1 car from their living room using JigSpace and now sponsors are doing the same.
“We recently expanded the use to more departments. Our sales team uses it to close multi-million dollar sponsorship deals by showcasing our brand capabilities in incredible detail,” he said.
Co-founder and CEO Zac Duff said companies are shortening sales cycles, lowering customer support costs and lowering the cost of shipping physical products by using the platform.
“JigSpace gives companies a tool to showcase their products in the best possible way and educate their customers about their key differentiators. Company-wide sales teams now have Jig on their iPads so they can quickly customize their product demos for any pitch. Jig saves their sales teams hours of time,” he said.
Vulpes’ Field Pickering said, “It’s been incredible watching the JigSpace journey as it continues to perfect its technology and take significant steps to become the category-defining leader for 3D and augmented reality presentations worldwide.”
