Asimov Ventures — First Pure, Early Stage, Venture Capital Fund for 3D Printing to Raise $30 Million

Share this Article

as2It truly amazes me how many incredible startups and individuals behind those startups I have had the pleasure of meeting with or speaking to over the last year and a half within the 3D printing space. From teenagers just getting out of high school to innovative thinkers well into their 60’s and 70’s, ideas are certainly not scarce within this industry.

I recall being in attendance when 3D Hubs first step foot onto the stage at Inside 3D Printing’s Startup Competition in New York City in April of 2014. Here we are, just a year and a half later, and the company has grown by leaps and bounds, bringing in multiple rounds of financing and growing to a member base of over 20,000.

They say it takes money to make money, and this isn’t any more the case than in the very competitive 3D printing space, where it seems like a new hardware startup emerges nearly every week. While many of these companies fail before they even make their first sale, others turn to crowdfunding in hopes of obtaining enough funding, via pre-sales, to grow their businesses.

With that said, things may be about to get a lot brighter for some of the more intriguing early-stage 3D printing startups who are looking for capital. This last week, industry veterans, Alan Meckler, son John Meckler, and Tyler Benster officially launched Asimov Ventures, a ‘leading early-stage technology venture capital firm,’ which will concentrate their efforts within the 3D printing and robotics spaces.

“We believe Asimov is the first pure early stage VC fund for 3D printing and service or collaborative robots, Alan Meckler explained to us. “We are raising $30 million. We plan to close the raise [at the] end of October. The fund is based in New York City and Seattle. Focus is on US early stage investments, but we will be looking at overseas opportunities as well.”

as1

Alan, who has an extensive background within the 3D printing and media industries, was an original investor in companies such as HowStuffWorks, AuctionRover and Tutor.com. In the 90’s he built up and subsequently sold two successful businesses, the original Mecklermedia, and SearchEngineStrategies, and now is the CEO of the new, publicly traded MecklerMedia, which is responsible for a lineup of trade shows and conferences related to 3D printing, robotics and bitcoin. Additionally, Alan is the Lead Portfolio Manager for the 3D Printing, Robotics, and Technology Fund.

Joining Alan at Asimov Ventures is his son John Meckler, who has played an integral part in the development of the Inside 3D Printing Conferences, and works in Business Development for MecklerMedia. He is also a portfolio manager and chief compliance officer for the 3D Printing, Robotics, and Technology Fund.as4

Finally, rounding off the team of individuals behind Asimov Ventures is Tyler Benster, a man you’ve likely bumped into if you’ve attended any of the major Inside 3D Printing events around the world. Benster is a High Tech Evangelist working with fortune 100 companies as well as startups, and a contributor to the Wohlers Report, an annual report on the additive manufacturing industry.

With $30 million expected to enter the VC fund, there seems to be plenty of opportunity for early stage startups both within the 3D printing and robotics industries. It will be interesting to see who the first companies to receive funding from Asimov Ventures are, as the fund moves forward.

Let us hear your thoughts on this fund and what it could mean for the 3D printing industry in general. Discuss in the Asimov Ventures forum thread on 3DPB.com.

 

Share this Article


Recent News

The Real Cost of 3D Printing

Wichita State University & Army 3D Print Parts for Aging Black Hawk Helicopters



Categories

3D Design

3D Printed Art

3D Printed Food

3D Printed Guns


You May Also Like

U.S. Army Aeromedical Research Laboratory: 3D Printing Customized Ear Plugs for Soldiers

Researchers JR Stefanson and William Ahroon recently completed a study for the U.S. Army Aeromedical Research Laboratory, releasing their findings in ‘Evaluation of Custom Hearing Protection Fabricated from Digital Ear...

On-Demand Surgical Retractor 3D Printed by the U.S. Air Force

The U.S. Department of Defense is using even more of its mind-boggling budget on additive manufacturing (AM) for virtual inventory and on-demand spare parts. This time, the world’s most dangerous...

West Point: Bioprinting for Soldiers in the Battlefield

Last summer, U.S. Army Lieutenant Colonel Jason Barnhill traveled to an undisclosed desert location in Africa with a ruggedized 3D printer and other basic supplies that could be used to...

Australian Army Enters 3D Printing Pilot Program, Partnering with SPEE3D & CDU

3D printing will soon be assisting members of the military in Australia, as a 12-month pilot training program has begun in a $1.5 million partnership with SPEE3D and Charles Darwin...


Shop

View our broad assortment of in house and third party products.


Subscribe To Our Newsletter

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our 3DPrint.com.

You have Successfully Subscribed!