Charleston-based venture capital fund Capital A Partners is partnering with another firm to invest $3.5 million in a Columbia-based technology company.
The money is for ZVerse, which develops software applications for the 3-D printing industry. The lead investor is Atlanta-based Mosley Ventures. Other strategic backers are involved in the funding round as well.
David Mendez, managing partner at Capital A, said the investment in is the first from his firm’s second fund, which hopes to raise $10 million.
ZVerse said it plans to use the new funding to grow its business and to commercialize a new software platform called LAYR.
Launched in 2013 and formerly known as DoodleSculpt, the company specializes in technology that makes two-dimensional images printable in a full-color 3-D format. It licenses one of its apps to universities to help them make highly detailed reproductions of their stadiums from digital files.
The company recently announced it is partnering with 3D Systems, a Rock Hill-based business that’s one of the pioneers of 3-D printing.
“The strategic relationship with 3D Systems and the completion of our ... funding gives ZVerse the resources and expertise to continue our leadership position in the full color 3D printed content arena,” ZVerse CEO and co-founder John Carrington said in a written statement.
Reach Allison Prang at 937-5705 or on Twitter @AllisonPrang.