Total amount raised
$25 Millions
Latest funding date
08/01/2024
Location
Spline has successfully raised $10 million in a Series A funding round, with Firestreak Ventures leading the investment. The platform offers a web-based 3D design tool that supports real-time collaboration, making it accessible for designers new to 3D design.
Keep reading to explore the intricacies of Spline's fundraising journey and the investors backing this innovative platform.
What Is Spline?
Spline, founded in 2020 by Alejandro León, is a web-based 3D design tool headquartered in Middletown, Delaware. The platform offers real-time collaboration features, making it ideal for teams working on digital projects.
With a focus on enhancing the workflow for designers and developers, Spline allows users to create, edit, and collaborate on 3D designs directly in the browser. The company currently has a small team of 1-10 employees.
Spline's versatile export options and interactive 3D prototypes make it a valuable tool for both web and mobile applications. The platform is used by various companies and teams around the world.
How Much Funding Has Spline Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: June 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of Spline's 3D design platform.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: March 2021
- Lead Investors: First Round Capital, Gradient, NXTP Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Seed Round
- Amount Raised: $15M
- Date: July 2023
- Lead Investors: Gradient, NXTP Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the platform's features and scale operations.
- Series A
- Amount Raised: $10M
- Date: August 2024
- Lead Investors: Third Point Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing product development, particularly focusing on integrating AI into 3D design.
Total Amount Raised: $25M
Current Valuation: Not publicly disclosed
Key Investors
- Third Point Ventures
- Details: Third Point Ventures is a venture capital firm that is part of Third Point LLC, an asset management firm. Dan Moskowitz from Third Point Ventures has joined Spline's board of directors.
- Investment Focus Areas: Technology, healthcare
- Notable Investments: SentinelOne, Upstart
- Gradient Ventures
- Details: Gradient Ventures is Google’s AI-focused venture fund. They participated in Spline's funding rounds.
- Investment Focus Areas: AI, machine learning
- Notable Investments: Algorithmia, Labelbox
- NXTP Ventures
- Details: NXTP Ventures is a venture capital firm that invests in early-stage technology companies in Latin America. They have been involved in multiple funding rounds for Spline.
- Investment Focus Areas: Technology, fintech, SaaS
- Notable Investments: Not publicly disclosed
- First Round Capital
- Details: First Round Capital is a seed-stage venture capital firm that has funded many successful startups. They participated in Spline's seed round.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Airbnb, Dropbox, Stripe
- Y Combinator
- Details: Y Combinator is a well-known startup accelerator that has funded many successful startups. They participated in Spline's funding rounds.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Airbnb, Dropbox, Stripe
What's Next for Spline?
Spline is poised to capitalize on the growing demand for AI-integrated design tools. With the recent $10 million Series A funding, the company plans to enhance its platform by integrating AI to simplify the creative process for users. This opportunity is significant, as it aligns with industry trends favoring collaborative, web-based design solutions.
Future fundraising opportunities seem promising, given the investor confidence demonstrated in the latest funding round. As Spline continues to innovate and expand its user base, additional funding rounds could further accelerate its growth and market presence.
However, Spline may face challenges such as competition from other 3D design platforms and the need to keep up with rapid technological advancements. Ensuring seamless integration of new features without compromising user experience will be crucial for maintaining its competitive edge.
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