Co Print is in Investment Round with 10 Million TL Target to Grow Globally!

Co Print, which made record sales worth 200 thousand dollars to 64 different countries in 30 days in its crowdfunding campaign on the US-based Kickstarter last year, has embarked on a second round of investment on the funding platform. Co Print, the first Turkish startup to receive the "Project We Love" badge that Kickstarter gives to selected projects, develops 3D printer technologies.

The startup, which aims to reach 10 million TL funding in this round, won the Innovation Award given by Tom's Hardware, one of the world's largest hardware websites, in the field of 3D printers in 2022. In 2023, the startup company will launch its new product Co Print Lite to the global market by running a new campaign of minimum 400 thousand dollars on Kickstarter. The company will then be able to target the entire 3D printer industry from 2024 by realizing the 3D printer project.

Co Print, the first Turkish startup to receive the "Project We Love" badge given to selected projects by the US-based Kickstarter, has launched its second investment round on the crowdfunding platform fonbulucu. The startup, which broke the crowdfunding record of that period by receiving 3 million TL investment from 1,587 investors in the first investment round last year, this time aims to raise 10 million TL with the offering of 11% of the company shares. The round, which will continue until February 2, 2023, will start with an investment of approximately 1.5 million TL from Baykar Teknoloji CEO Haluk Bayraktar, funder Venture Capital Investment Fund and many angel investors. Baykar will also provide technical and production consultancy to Co Print.

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Co Print Valuation Will Reach 91 Million TL

In this round, the startup capital company will add TL 1 million from its capital reserves to its capital and distribute 33% bonus shares to 1,587 investors who participated in the first round. In this way, existing investors will not be affected by the dilution caused by the capital increase. Co Print will increase its new capital to 16 million TL if it raises the maximum investment amount of 12 million TL in the second investment round. If this scenario is realized, Co Print's valuation will reach 91 million TL.

On the other hand, the company will distribute bonus shares to first-time investors in this investment round if they participate in the campaign within the first 10 days and if the first investors invest within the first 3 days. The startup company will offer priority exit to all investors participating in the first and second investment rounds, equivalent to 50% of the shares sold in the first global investment to be received.

A High Majority of Sales Realized as Exports

In the Kickstarter campaign completed last year, it pre-sold 400 units and 200 thousand dollars worth of pre-sales to 64 different countries in 30 days. At the end of its subsequent sales, the majority of which were exports, it reached more than 600 customers around the world with three different products before the end of a year.

Co Print, which strengthened its team in the fields of production and business development after its investment round on fonbulucu in December 2021, received many national and international awards, especially the Innovation Award given by Tom's Hardware with the product it developed. After this round, the company will evaluate the current developments in the 3D printer industry and launch its new products, for which it has accelerated its R&D work.

Co Print to Launch New Product with $400K Global Campaign

Speaking about their goals after the investment round, Co Print Co-Founder Fatih Kazım Duymaz,