What we do
Public consultation on the EIB Group's Environmental and Social Sustainability Framework - informational webinars
Public consultation on the EIB Group's Environmental and Social Sustainability Framework
The EIF in 2020
Coronavirus: The EIB Group’s initiatives to address its economic consequences
Pan-European Guarantee Fund – EGF
Sustainable Development Umbrella Fund
SDUF Health Compartment
Equity products
AI Co-Investment Facility
Climate & Infrastructure Funds
Technology Transfer
European Angels Fund (EAF) - Co-investments with Business Angels
Venture capital
The Social Impact Accelerator (SIA)
Lower mid-market
Mezzanine Facility for Growth
VentureEU
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
ESCALAR Programme
Debt products
New ESIF ERDF Guarantee Fund initiative in Greece
EFSI Private Credit Programme
AGRI Guarantee Facility
AGRI Italy Platform Uncapped Guarantee Instrument
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
Skills & Education Guarantee Pilot
EREM debt products
Single EU Debt Financial Instrument
Documentary Finance Facility – Bulgaria
The SME Initiative
The SME Initiative Bulgaria
The SME Initiative Finland
The SME Initiative Italy
The SME Initiative Malta
The SME Initiative Romania
The SME Initiative Spain
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
EaSI Funded Instrument
European Progress Microfinance Facility
Entrepreneurs supported through Progress Microfinance
European Fund for Strategic Investments (EFSI)
How does EIF contribute to EFSI
How to apply for EFSI financing
Regional Development - Country and sector-specific initiatives
Dutch Future Fund (DFF)
Dutch Alternative Credit Instrument (DACI)
PORTUGAL BLUE: a new initiative for blue economy investments
JEREMIE Greece Reflows – Business Angels’ Co-Investment Equity Instrument
German Corona Matching Facility (CMF)
Portugal Growth programme
Croatian Growth Investment Programme (CROGIP)
AGRI Italy Platform Uncapped Guarantee Instrument
ALTER’NA – ESIF EARFD Nouvelle-Aquitaine
Baltic Innovation Fund 1 (BIF 1)
Baltic Innovation Fund 2 (BIF 2)
Central Europe Fund of Funds (CEFoF)
Croatian Venture Capital Initiative (CVCi FoF)
Competitiveness Fund-of-Funds for SMEs in Romania
The Cyprus Entrepreneurship Fund (CYPEF)
Cyprus Equity Fund
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
Dutch Growth Co-Investment Programme
Dutch Venture Initiative (DVI-II)
ESIF Fund-of-Funds Greece
EAFRD FoF Portugal
EAFRD FoF Romania
The ERP-EIF Facility
ERP-EIF Co-Investment Growth Facility
The LfA-EIF Facilities
The German Future Fund (GFF) - EIF Growth Facility
INAF – French National Agricultural Initiative
ESIF Energy Efficiency and Renewable Energy Malta
Regional Fund-of-Funds Romania
ESIF Fund-of-Funds Czech Republic
The Silesia EIF Fund of Funds
La Financière Région Réunion
The EIB Group Risk Enhancement Mandate (EREM)
EstFund
FOSTER TPE-PME Occitanie
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
InvestBG Equity Instrument
JEREMIE
JEREMIE Romania Reflows – Equity Instrument
Luxembourg Future Fund (LFF)
Mezzanine 'Fund of Fund' for Germany (MDD)
Polish Growth Fund of Funds (PGFF)
Portugal Venture Capital Initiative (PVCi)
Scottish-European Growth Co-Investment Programme
Slovene Equity Growth Investment Programme (SEGIP)
Swedish Venture Initiative (SVI)
Turkish Growth and Innovation Fund (TGIF)
Western Balkans Enterprise Development & Innovation Facility (WB EDIF)
EAFRD FoF Greece
Irish Innovation Seed Fund (IISF)

CGTrader: global 3D model marketplace

image

In an increasingly online and digitalised world, many businesses need graphic design, augmented reality or 3D modelling to help build their online presence. But 3D modelling can be an expensive and time-consuming process – it can take anywhere from 2 hours to 2 weeks to create something – often using the skills of very specific designers. “This is where we come in” explains Dalia Lasaite, co-founder and CEO of Lithuanian 3D model source CGTrader.

CGTrader offers a stock marketplace of over a million pre-existing models, in any sector you can think of: architecture, food, plants, space, vehicles and more. “We know that product imagery can often be the best way to increase sales, however, photoshoots can be very costly to arrange: you have to ship products, set up a studio, book the right people. What we offer – and specifically for e-commerce with our ARsenal platform - is that your product is recreated as a virtual, photorealistic 3D model – and then can be placed into virtually any setting or superimposed over the real world through our Augmented Reality capabilities,” says Dalia.

With over 3.5 million 3D artists, design studios and businesses from around the world sharing and selling their 3D models over CGTrader marketplace, the company has grown exponentially since its launch in 2011 and today boasts big name clients such as Google, Shopify and Staples Canada     , not to mention big investors such as Intel Capital. “Although we always strive to go the extra mile for the customer, we’re also the only designer-first platform on the market ”, explains Dalia, “my co-founder Marius Kalytis started out as a 3D designer himself. But he quickly saw that he was only getting a fraction of the commission, despite all the work going into his designs, and with this, the idea of CGTrader was born”. Today, CGTrader offers the most commercially attractive royalties       for designers as well as an open space for talented 3D designers to showcase their work, and as a result, the Vilnius-based company has a truly global community of creators and users. 

Rewind back to 2017 and CGTrader was only just starting to make a profit, relying on very limited resources to do so. “This is when Karma Ventures came in with their investment”, explains Dalia, ”we needed a big boost to develop our platform further and most importantly to attract top level talent”. And boost the company it did; CGTrader has grown seven times since this investment.

So what does the future hold for this Lithuanian dynamic duo? “Well, demand for visual content has exploded with the pandemic and digitalisation,” Dalia explains, “with many eCommerce companies working to enhance their online presence and user experience. We have very ambitious plans for the future, we are in the process of raising more capital and we plan to expand further into the US market. There is a lot more to come for CGTrader”.

Company: CGTrader 

Financing Intermediary: Karma Ventures

Type of business: ICT

EIF financing: Baltic Innovation Fund, CG Trader also received seed financing via JEREMIE Lithuania

For further information about EIF intermediaries in Lithuania, please refer to:
http://www.eif.org/what_we_do/where/ltu

 

We use cookies to give the best browser experience on our website. or change cookie settings.

Note: Following the recent withdrawal of the United Kingdom from the European Union, we are updating the relevant EIF.org pages.

 
 

Copyright ©

 European Investment Fund   – The European Investment Fund is not responsible for the content of external internet sites.