Legend3D secures $8 million in funding
San Diego based 2D to 3D conversion and VFX company seeks potential new partners in China, Japan and Europe
Legend3D, responsible for the conversion of major movies such as Hugo, Transformers: Dark of the Moon and the upcoming Top Gun 3D, secured the $8 million Series B Preferred Stock offering by current investors Monaco-based Augustus Ventures Limited and Northwater Capital Management Inc. of Toronto through its Intellectual Property Fund.
Brian Robertson, CEO of Legend3D, 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."
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