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First Share Issue Successfully Completed

After weeks of meticulous preparation, Locat3d successfully completed its first share issue in just a few days. CEO Thomas Bentzen expressed satisfaction as he welcomed new shareholders from Canada, Finland, and Norway. This funding round, coupled with support from the Norwegian innovation ecosystem, provides Locat3d with the resources needed to finalize and test its platform prototype in the market.

Written by Info/Locat3d
Published 16. September 2024

Recently, Locat3d conducted an internationally focused share issue, capped at NOK 3 million. The high level of interest surpassed expectations, leaving several potential investors on a waiting list for future funding rounds.

Locat3d is positioning itself for a global market where substantial untapped capacity exists in advanced manufacturing sectors such as CNC machining and 3D printing, as well as in design and engineering. At the same time, this spare capacity is available for customers seeking these services. Locat3d’s platform functions as a booking service, similar to Airbnb, enabling customers to connect with service providers seamlessly.

“The share issue has given us the financial strength to take the next step with our platform. We’ve tested various versions with industry partners, and now we are moving forward to consolidate these into our first complete prototype,” said Bentzen.

Bentzen also highlighted a parallel initiative: “In addition to developing the platform, the team will roll out a project called ‘Our Impact.’ This externally commissioned project will document Locat3d’s environmental and climate footprint. Sustainability is at the heart of our business model, and this initiative will underscore our commitment to responsible innovation.”

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