Legend3D’s Rapid Growth Supported by $8 Million in Venture Capital Funding
CARLSBAD, Calif., February 4, 2013-- California-based Legend3D, Inc., an innovative 3D visual effects and conversion company, has closed on an $8 million Series B Preferred Stock offering, it was announced today by Brian Robertson, CEO of Legend3D. The funding was led by current investors Monaco-based Augustus Ventures Limited and Northwater Capital Management Inc. of Toronto through its Intellectual Property Fund.
Robertson noted that, “The funding reinforces the confidence our lead investors have in the directions we are taking in the growth of the company both domestically and internationally. Our extensive R&D investments are ensuring constant innovations in the development of market-leading software and systems, which has allowed us to marry the highest 3D conversion quality in the industry with highly competitive pricing.”
"We have just moved into our new, state-of-the-art 60,000 sq. ft. studio in Carlsbad, California, as we continue to expand our operations both in the U.S. and internationally,” said Ian Jessel, President of Legend3D. “We look forward to consolidating and broadening the productive relationships we enjoy with the studios and filmmakers here in Hollywood, as well as seeking out potentially new partnerships in China, Japan and Europe."
Using its patented 2D-to-3D conversion technology, Legend3D has recently worked on movies including Top Gun 3D, Oz: The Great and Powerful, The Amazing Spider-Man, The Smurfs, Hugo, Transformers: Dark of the Moon and Pirates of the Caribbean: On Stranger Tides.
California-based Legend3D, Inc. is an innovative 3D visual effects and conversion company committed to advancing the 3D medium globally. Legend3D leverages the most sought-after 3D talent with cutting-edge technology and works closely with the creative community to elevate the art of 3D on new feature films while also identifying opportunities to generate new revenue from iconic library titles. Founded in 2001 by Dr. Barry Sandrew, Legend3D utilizes its patented proprietary technology to create the highest quality conversions with the fastest turnaround time at the most competitive pricing in the industry.
For more information, please visit www.Legend3D.com.
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