concept3D Closes $1.25 Million in Series B Financing

Boulder-based software company accelerates growth

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Boulder, CO (PRWEB) May 15, 2014

concept3D, Inc., a leading web, mobile, and geolocation software development company, today announced it has closed a $1.25 million Series B equity financing. Investors include Brad Schell, co-founder of @Last Software the developer of the ubiquitous Trimble SketchUp®.

concept3D will use the funding to expand its sales, marketing and software development teams in Colorado supporting the growth of its core software businesses including:

The launch of simuwatt®, an energy design, modeling and management platform with key applications in commercial solar design and energy auditing/assessment
The expansion of concept3D’s mobile and cloud-based interactive map management system and services into new markets as well as accelerating the adoption of CampusBird® within higher education. CampusBird has over 70 schools using its platform including Duke University, University of North Carolina Law School, Virginia Tech, Haverford College, University of Denver, Skidmore College and other leading universities and colleges.

“Our investors are excited about the viability of our products and it’s time to put our foot on the gas,” said concept3D founder and CEO Oliver Davis. “They see simuwatt serving a large market by lowering the soft costs of commercial solar while improving energy efficiency for commercial buildings. CampusBird is also on a nice growth trajectory and we’ll soon expand the platform to new markets.”

concept3D president and COO Rushton McGarr commented, “We will leverage the new investment to continue growing through rapid product innovation that enhances the value and utility of the concept3D platforms and applications – this additional investment helps ensure we continue to be the leader in the space by delivering the best product and services.”

About concept3D
concept3D is a software studio and media services company offering: professional media and web services, a map management platform including CampusBird, the leading interactive maps platform for the education market, and a suite of mobile energy analysis tools under its simuwatt brand. Top businesses and institutions recognize concept3D as a leader in location-based media services and applications. These businesses work with concept3D to improve their brand presence across the globe. For more information please visit: http://www.concept3d.com or call Lisa Harris at 303-478-8635.

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