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Wolfprint 3D is offering securities under both Regulation D and Regulation CF through SI Securities, LLC ("SI Securities"). SI Securities is an affiliate of SeedInvest Technology, LLC, a registered broker-dealer, and member FINRA/SIPC. SI Securities will receive cash compensation equal to % of the value of the securities sold and equity compensation equal to % of the number of securities sold. Investments made under both Regulation D and Regulation CF involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest. Furthermore, this profile and accompanying offering materials may contain forward-looking statements and information relating to, among other things, the company, its business plan and strategy, and its industry. Investors should review the risks and disclosures. The contents below are meant to be a summary of the information found in the company’s Form C. Before making an investment decision, investors should review the company’s Form C for a complete description of its business and offering information, a copy of which may be found both here and below.

About Wolfprint 3D

The Problem

Wolfprint believes that the future of virtual reality goes beyond individual experiences, and that the potential of VR allows for social and shared-space participation in virtual worlds. Despite this potential and vision, there are problems to bringing this vision to market.

Wolfprint believes that to make VR truly social, every person needs a unique 3D avatar and that the only way to create a realistic life-like avatar is by using 3D scanning. Currently high-quality 3D scans can cost over $500. In addition, 3D scanners on the market are typically large and require an operator. The cost of production limits scalability.

A cost-effective, scalable 3D scanning solution that does not sacrifice quality for cost could allow every individual to have a realistic virtual 3D avatarWolfprint 3D seeks to provide that solution and to position themselves to be the company that brings real people into VR.

The Solution

 Step 1: Cost-Effective, Scalable 3D Scanning Booths 

At Wolfprint, we are building a global network of 3D scanning booths. Unlike existing scanners, our proprietary booths produce studio-quality scans autonomously (i.e. with no operator needed) at a fraction of the current cost.

 Step 2:  API & Database of 3D Scans

Every human scan is automatically added to Wolfprint's growing database. Through the Wolfprint API,* developers around the world will be able to bring “real people” into their VR applications, such as games or shopping apps. Instead of generic avatars, users will be able to use their own personal avatars in various VR and gaming experiences. 

*Wolfprint API represents a planned future offering. This statement is meant for illustrative purposes. It does not represent guarantees of future results, levels of activity, performance, or achievements.


Join Wolfprint 3D CEO Timmu Tõke for an Investor Webinar on Wed, Dec 14, 2016 2:00 PM - 2:30 PM EST:

https://attendee.gotowebinar.com/register/8461486724322848769

Product & Service

Multi-Dimensional Social VR Product & Platform

The Luna | 3D Scanner

Wolfprint's first product is a proprietary 3D scanning booth that works autonomously. It uses 6 high quality off-the-shelf cameras to create detailed and realistic 3D scans of people's faces. We have automated the scanning process, from capturing an individual's face to processing that scan to then automatically storing that into our database.

On average the entire scanning process takes fewer than 90 seconds. Here are the steps that a user goes through:

  1. Steps into the scanner
  2. Pushes “Start a scan”
  3. Makes a scan, confirms
  4. Enters contact details
  5. Done

Examples of the scans (raw, uncleaned versions)

Web Content Platform

 After making a scan, customers get access to Wolfprint's web content platform, which enables*:

  • Up-selling licensed characters, 3D printed figurines, animations and other experiences
  • Connecting our customers with games, VR applications, and other third party providers - e.g. virtual fitting, ordering custom sunglasses etc. 

API

The Wolfprint API aims to allow VR and gaming companies to access our database of 3D scans. Our customers will be able to log in through our web platform and use their own personal 3D avatars in various VR and gaming experiences.*

Revenue Model

Long term, we are planning to generate the majority of our revenue from small monthly subscriptions from customers who pay to use their personal 3D avatars in various gaming and VR experiences. Until the VR market matures and the technology/ networks are built, we plan to monetize by utilizing our scanners as vending machines, up-selling via our content platform, and charging content providers for our API. 

 Scanners

Essentially, our scanners work as vending machines - visitors get 3D scans of their faces, which can be placed on characters of their choice. Characters could be anything, ranging from favorite athletes (in a sports stadium) to cartoon characters (in a theme park). Currently, our customers can choose between a digital animated model ($9.90) and a 3D printed figurine ($49.90). Most of the revenue generated through our scanners (80%) goes to Wolfprint, with 20% going to the locations. The cost of building a unit is approximately $8k. Wolfprint estimates annual revenue to be more than $50k per booth. 

Web Content Platform

We are working on partnerships to up-sell characters, animations, licensed content, and other experiences to our customers. Imagine turning yourself into movie characters during premiers, your favorite athlete during the Super Bowl, seasonal characters during holidays and important events, or trying on sunglasses using your scan while online shopping.

 API

In addition to charging people a small monthly subscription fee for using their personal avatars in VR and gaming experiences, we could also charge content providers (e.g., gaming and VR companies) to integrate with our database and for any new active users we bring to their experiences.*

Progress So Far

We launched in February 2016. Since launch, we have scanned over 5,000 people, and our database has been growing an average of ~70% MoM. We have built four scanners and deployed three of them on locations. We are discussing a licensing deal with Paramount and a marketing campaign with Nike. We have also signed an agreement with a leading U.S. photo booth company, which operates in more than 15,000 locations combined.

What Investors think

Wolfprint stands for a great vision pursued by an industrious team driven by Nordic coolness and out of the box thinking. I am glad to have the opportunity to invest in the future of virtual reality. This company can bring your beloved ones and business partners into VR and make long distance communication much more real. - Frederick Cyrus Roeder, investor in Wolfprint 

“We invested in a world class team that is capable of making a change on a rapidly growing, important market” - Estonian Business School, investor in Wolfprint

The Wolfprint team are tech scrappers building content for our online futures.”  - Startup Wise Guys, investor in Wolfprint


*Wolfprint API and the monetization of the Web Content Platform represents a planned future offering. These statements are meant for illustrative purposes. They do not represent guarantees of future results, levels of activity, performance, or achievements.

**Disclaimer: The following individuals were not compensated in exchange for their testimonials. In addition, their testimonials should not be construed as and/or considered investment advice.



Media Mentions

Team Story

We grew up together in a small city in Estonia and have known each other since childhood. We started the company about 2.5 years ago out of excitement for 3D scanning and printing technology. We started as a full body 3D scanning studio, focused on making game characters, custom mannequins, and 3D printed figurines.

After some first tests with 3D scanning and VR, we quickly realized the potential of high quality 3D scanning for VR and decided to create a solution that would make 3D scanning accessible for everyone and give people an opportunity to experience VR and games by using their own personal avatars. We used the underlying technology we had developed for our 3D scanning studio and rebuilt it into a consumer-facing 3D scanning solution that we launched in February this year. 

Meet the Founders

Timmu Tõke

CEO & Co-Founder

Timmu brings a life-long passion for entrepreneurship, having founded his first company when he was 16. By 17, he had built and managed a team of active sales people. Before co-founding Wolfprint, Timmu acted as Managing Partner for an Estonian clothing brand. Timmu studied Business Management at Estonian Business School and software development at Estonian IT College. 

Rainer Selvet

CTO & Co-Founder

Rainer first became interested in 3D content creation when he was in high school. He has been working on various 3D projects for close to 8 years through which he learned how to create virtual worlds. While finishing his degree in Computer Science at Tallinn University of Technology, he lectured Tartu Art School students on 3D concepts including realtime 3D content creation and game engines.

Haver Järveoja

COO & Co-Founder

During his time as a university student, Haver founded a consulting company to help foreigners conduct business in Estonia. In 2015, he was chosen to be EBS'ter of the year (Estonian Business School student of the year). He worked in LHV Bank Brokerage department on US securities and was a Country Manager in Students For Liberty (US NGO).

Kaspar Tiri

Business development & Co-Founder

Kaspar brings a variety of entrepreneurship experiences. While still attending high school, he helped build a wakeboarding business in Estonia and created a night club business. For Wolfprint, Kaspar was able to set up an international sales network with approximately 50 partners in several countries. During the second year of his undergraduate education, Kaspar was invited to present lectures on a number of topics (ranging from team management to startups) to an audience of postgraduate students in Estonian Business School.

Timmu Tõke

CEO & Co-Founder

Timmu brings a life-long passion for entrepreneurship, having founded his first company when he was 16. By 17, he had built and managed a team of active sales people. Before co-founding Wolfprint, Timmu acted as Managing Partner for an Estonian clothing brand. Timmu studied Business Management at Estonian Business School and software development at Estonian IT College. 

Rainer Selvet

CTO & Co-Founder

Rainer first became interested in 3D content creation when he was in high school. He has been working on various 3D projects for close to 8 years through which he learned how to create virtual worlds. While finishing his degree in Computer Science at Tallinn University of Technology, he lectured Tartu Art School students on 3D concepts including realtime 3D content creation and game engines.

Haver Järveoja

COO & Co-Founder

During his time as a university student, Haver founded a consulting company to help foreigners conduct business in Estonia. In 2015, he was chosen to be EBS'ter of the year (Estonian Business School student of the year). He worked in LHV Bank Brokerage department on US securities and was a Country Manager in Students For Liberty (US NGO).

Kaspar Tiri

Business development & Co-Founder

Kaspar brings a variety of entrepreneurship experiences. While still attending high school, he helped build a wakeboarding business in Estonia and created a night club business. For Wolfprint, Kaspar was able to set up an international sales network with approximately 50 partners in several countries. During the second year of his undergraduate education, Kaspar was invited to present lectures on a number of topics (ranging from team management to startups) to an audience of postgraduate students in Estonian Business School.

Notable Advisors & Investors

Frederick Cyrus Roeder

Investor, Berlin based Angel investor.

Startup Wise Guys

Investor, A leading startup accelerator located in Tallinn, Estonia.

Estonian Business School

Investor, A private, higher-education institution situated in Tallinn, Estonia.

Allen Weisberg

Advisor, CEO of Apple Industries, a leading photo booth company in the US

Remington Scott

Advisor, Supervising member of Academy Award winning VFX teams: LOTR, Spiderman etc.

Calum Cameron

Advisor, MD of the Startup Wise Guys accelerator

Q&A with the Founder

  • What service revenues did you make in 2014-2015?
    We were providing 3D printing, scanning and modeling service to retail and B2B clients in Estonia and abroad. For example, during 2014-2015 we did multiple projects with Estonian Media As, 3+1 Architects, and Jolos Events.
  • Were you using Luna 3D in 2014 & 2015 projects? If not, what scanners were you using for those service projects?
    No, the Luna 3D idea was conceived in the second part of 2015. In 2014 and 2015, we used a custom full body scanner which we built in 2014. Projects done during 2014-2015 were not exclusively 3D scanning related, as we also provided 3D printing and modeling services to various businesses and private clients.
  • Given you only have enough cash for a couple more months, how will you scale back monthly burn and / or where will you find bridge capital to get you at least 2 additional months of runway?
    We have indicated in the Reg CF form that our monthly burn is 10k, and we have at minimum 40k to be received. We will also stop paying salaries to founders if necessary and lower the burn by cutting our usual marketing and promotion budget.
  • What are your plans to fund working capital (manufacturing scanner units)? Looks like you indicated 10% use of proceeds on Luna 3D which at the max raise gets you $150K for working capital.
    We plan to fund most of it with cash in hand after the fundraise (we are gradually spending it). By the time we get to a point when we don’t have extra cash in hand for production ourselves, we plan to have a deal set for a loan or a credit line. The other and preferred option would be working with a partner that already has deals in place for financing their production. We have already discussed this with a leading photo booth company in the U.S..
  • When will you begin to monetize on stage 2 (upsell on platform) and 3 (VR/gaming) business models?
    Up-selling platform tests have already started (with the VRLA conference) with a full platform launch Q1 2017. Gaming - API is estimated to be launched by Q3 2017, full monetization starting from Q1 2018.
  • The Q&A with the Founder is based on due diligence activities conducted by SI Securities, LLC. The verbal and/or written responses transcribed above may have been modified to address grammatical, typographical, or factual errors, or by special request of the company to protect confidential information.

    Frequently Asked Questions

    About Side by Side Offerings
    What is Side by Side?

    A Side by Side offering refers to a deal that is raising capital under two offering types. This Side by Side offering is raising under Regulation CF and Rule 506(c) of Regulation D.


    What is a Form C?

    The Form C is a document the company must file with the Securities and Exchange Commission (“SEC”) which includes basic information about the company and its offering and is a condition to making a Reg CF offering available to investors. It is important to note that the SEC does not review the Form C, and therefore is not recommending and/or approving any of the securities being offered.

    Before making any investment decision, it is highly recommended that prospective investors review the Form C filed with the SEC (included in the company's profile) before making any investment decision.


    What is Rule 506(c) under Regulation D?

    Rule 506(c) under Regulation D is a type of offering with no limits on how much a company may raise. The company may generally solicit their offering, but the company must verify each investor’s status as an accredited investor prior to closing and accepting funds. To learn more about Rule 506(c) under Regulation D and other offering types check out our blog and academy.


    What is Reg CF?

    Title III of the JOBS Act outlines Reg CF, a type of offering allowing private companies to raise up to $1 million from all Americans. Prior capital raising options limited private companies to raising money only from accredited investors, historically the wealthiest ~2% of Americans. Like a Kickstarter campaign, Reg CF allows companies to raise funds online from their early adopters and the crowd. However, instead of providing investors a reward such as a t-shirt or a card, investors receive shares, typically equity, in the startups they back. To learn more about Reg CF and other offering types check out our blog and academy.


    Making an Investment in Wolfprint 3D
    How does investing work?

    When you complete your investment on SeedInvest, your money will be transferred to an escrow account where an independent escrow agent will watch over your investment until it is accepted by Wolfprint 3D. Once Wolfprint 3D accepts your investment, and certain regulatory procedures are completed, your money will be transferred from the escrow account to Wolfprint 3D in exchange for your shares. At that point, you will be a proud owner in Wolfprint 3D.


    What will I need to complete my investment?

    To make an investment, you will need the following information readily available:

    1. Personal information such as your current address and phone number
    2. Employment and employer information
    3. Net worth and income information
    4. Social Security Number or government-issued identification
    5. ABA bank routing number and checking account number (typically found on a personal check or bank statement)

    If you are investing under Rule 506(c) of Regulation D, your status as an Accredited Investor will also need to be verified and you will be asked to provide documentation supporting your income, net worth, revenue, or net assets or a letter from a qualified advisor such as a Registered Investment Advisor, Registered Broker Dealer, Lawyer, or CPA.


    How much can I invest?

    An investor is limited in the amount that he or she may invest in a Reg CF offering during any 12-month period:

    • If either the annual income or the net worth of the investor is less than $100,000, the investor is limited to the greater of $2,000 or 5% of the lesser of his or her annual income or net worth.
    • If the annual income and net worth of the investor are both greater than $100,000, the investor is limited to 10% of the lesser of his or her annual income or net worth, to a maximum of $100,000.

    Separately, Wolfprint 3D has set a minimum investment amount of US $0.

    Accredited investors investing $20,000 or over do not have investment limits.


    After My Investment
    What is my ongoing relationship with the Issuer?

    You are a partial owner of the company, you do own shares after all! But more importantly, companies which have raised money via Regulation CF must file information with the SEC and post it on their websites on an annual basis. Receiving regular company updates is important to keep shareholders educated and informed about the progress of the company and their investment. This annual report includes information similar to a company’s initial Reg CF filing and key information that a company will want to share with its investors to foster a dynamic and healthy relationship.

    In certain circumstances a company may terminate its ongoing reporting requirement if:

    1. The company becomes a fully-reporting registrant with the SEC
    2. The company has filed at least one annual report, but has no more than 300 shareholders of record
    3. The company has filed at least three annual reports, and has no more than $10 million in assets
    4. The company or another party purchases or repurchases all the securities sold in reliance on Section 4(a)(6)
    5. The company ceases to do business

    However, regardless of whether a company has terminated its ongoing reporting requirement per SEC rules, SeedInvest works with all companies on its platform to ensure that investors are provided quarterly updates. These quarterly reports will include information such as: (i) quarterly net sales, (ii) quarterly change in cash and cash on hand, (iii) material updates on the business, (iv) fundraising updates (any plans for next round, current round status, etc.), and (v) any notable press and news.


    How can I sell my shares in the future?

    Currently there is no market or liquidity for these shares. Right now Wolfprint 3D does not plan to list these shares on a national exchange or another secondary market. At some point Wolfprint 3D may choose to do so, but until then you should plan to hold your investment for a significant period of time before a “liquidation event” occurs. A “liquidation event” is when Wolfprint 3D either lists their shares on an exchange, is acquired, or goes bankrupt.


    How do I keep track of this investment?

    You can return to SeedInvest at any time to view your portfolio of investments and obtain a summary statement. If invested under Regulation CF you may also receive periodic updates from the company about their business, in addition to monthly account statements.


    Other General Questions
    What is this page about?

    This is Wolfprint 3D's fundraising profile page, where you can find information that may be helpful for you to make an investment decision in their company. The information on this page includes the company overview, team bios, and the risks and disclosures related to this investment opportunity. If the company runs a side by side offering that includes an offering under Regulation CF, you may also find a copy of the Wolfprint 3D's Form C. The Form C includes important details about Wolfprint 3D's fundraise that you should review before investing.


    How can I (or the company) cancel my investment under Regulation CF?

    For offerings made under Regulation CF, you may cancel your investment at any time up to 48 hours before a closing occurs or an earlier date set by the company. You will be sent a reminder notification approximately five days before the closing or set date giving you an opportunity to cancel your investment if you had not already done so. Once a closing occurs, and if you have not canceled your investment, you will receive an email notifying you that your shares have been issued. If you have already funded your investment, your funds will be promptly refunded to you upon cancellation. To cancel your investment, let SeedInvest know by emailing cancellations@seedinvest.com. Please include your name, the company's name, the amount, the investment number, and the date your made your investment.


    What if I change my mind about investing?

    If you invest under any other offering type, you may cancel your investment at any time, for any reason until a closing occurs. You will receive an email when the closing occurs and your shares have been issued. If you have already funded your investment and your funds are in escrow, your funds will be promptly refunded to you upon cancellation. To cancel your investment, please email us at cancellations@seedinvest.com. Please include your name, the company's name, the amount, the investment number, and the date your made your investment.