The company announced Tuesday it has raised $2.8 million in seed funding in a round led by Chicago-based OCA Ventures. That funding will go toward developing a commercial 3D printing machine as well as sales and marketing, said CEO Larry Kaplan.
Robert Swartz, an entrepreneur and IP consultant for the MIT Media Lab, founded the company and now is its chairman. He hired Kaplan, former CEO and president of Navteq who led that company through its IPO and sale to Nokia, as chief executive in June.
“OCA invested in Impossible Objects because it’s being led by an all-star team of Larry and Bob, who have a lot of experience building companies from early stage startups to IPO,” said Imran Ahmad, principal at OCA Ventures.