Following a year of skyrocketing user engagement, the world-leading 3D and augmented reality tool company has set its sights on global expansion with this recent fundraise.
Since our initial investment in the Melbourne-based duo of Zac Duff and Numa Bertron, the JigSpace team has grown into a market-leading force in the augmented reality industry. Over the past year, the company has doubled their monthly active B2B users, with more than 300,000 Jigs (interactive 3D model presentations used for product visualisation, design, marketing, training, and more) created on the platform in 83 countries.
The innovative company has maintained its position as the world’s highest-rated AR demonstration app, with over 5 million downloads, Fortune 500 customers like PepsiCo and Panasonic, and, recently, an official partnership with the Alfa Romeo F1 team that has expanded from a fan engagement tool into a sales asset that has helped the Alfa Romeo team close multi-million-dollar deals.
Making AR a global reality
With this AU$5.2m raise, the team prepares for global expansion, ramping up JigSpace’s commercial team following the most recent leap in their product development; the ability to bring augmented reality to any device without an app download.
“Jig has become part of the business-as-usual practice for innovative companies across the world, as they look for greater efficiency and higher impact,” said Zac Duff, Co-founder and CEO, JigSpace. “Companies are shortening their sales cycles, lowering customer support costs, and reducing the transportation costs of physical products. This round of funding will help us reach even more industries and help them to transform their businesses.”
Rod Bristow, Investible’s Chief Executive Officer added, “As an early supporter of JigSpace, we’ve seen the product evolve into a now-integral element in the communication and transfer of information. Future advancements in spatial computing and AI are increasingly shaping industry and we anticipate these trends hold tremendous potential for JigSpace. Our continued support is rooted in our belief that JigSpace's unique value proposition, coupled with these technological advancements, puts them in a strong position to supercharge the world's productivity.”
JigSpace is continuing to build on strong foundations, setting itself apart as an industry trendsetter in a sector that is only growing in demand.
We look forward to embarking on this journey with them into the coming years.
JigSpace enables individuals, professionals and teams to create interactive, 3D presentations in minutes – just like Canva or PowerPoint for 3D. Launched in 2020, the JigSpace platform now has over 5 million users, with a 4.8 star rating worldwide. JigSpace’s mission is to create a world where knowledge can be shared in the best possible way, with simple, useful, and delightful tools. Businesses around the world, from large companies to niche manufacturers, use JigSpace to market, sell, and support their products in 3D and augmented reality. For more information please visit: https://jig.space.
The Investible group of companies includes various entities who are corporate authorised representatives (CAR) of Boutique Capital Pty Ltd (BCPL) AFSL 508011. The full list of entities are detailed here.
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