UAB CGTrader

UAB CGTrader is a Lithuania-based company focusing on providing a robust platform for 3D models, catering to the gaming, AR, VR, advertising, and 3D printing sectors. Founded in 2011 in Vilnius, Lithuania, UAB CGTrader operates as a marketplace for 3D models. The company was co-founded by Dalia Lasaite, Donatas Aksomitas, and Marius Kalytis. In February 2021, CGTrader raised USD 9.

5 mn in Series B funding led by EVLI Growth Partners, with additional participation from Karma Ventures and LVV Group. This funding round has contributed to a total amount raised of USD 9. 5 mn. CGTrader has executed four deals to date, with its most recent deal occurring on 2021-02-23.

CGTrader specializes in providing a comprehensive platform for 3D models, specifically targeting industries such as gaming, augmented reality (AR), virtual reality (VR), advertising, and 3D printing. The company’s core offerings include a marketplace featuring over 2. 43 million 3D models available for purchase and download, catering to designers, developers, and businesses seeking quality 3D assets. CGTrader also offers custom 3D modeling services, utilizing generative AI through its application CGDream, which transforms 3D models into 2D images.

The platform primarily serves clients in North America, Europe, and Asia, providing scalable and affordable 3D solutions. For the most recent year of 2022, CGTrader reported a revenue of USD 6,508,466. 40, with an EBITDA of USD -4,416,195. 10.

Revenue is generated through the sale of individual 3D models and custom 3D modeling services, operating on a commission-based model that allows designers to earn up to 80% royalties from sales. Partnerships for enterprise-level solutions may yield higher commission rates of up to 95% for freelancers collaborating with larger clients, while promotional discounts and sales encourage further purchases. Following the Series B funding round in February 2021, UAB CGTrader aims to consolidate its market position while developing its platform further. The company is set to invest heavily in its marketplace, enhancing speed, reliability, and overall capabilities for users.

Future growth strategies may include expanding into new geographic regions and launching new products, although specific details about the products or target markets have not been disclosed at this time. CEO Dalia Lasaite will continue to lead the company, with Ex-Rovio CEO Mikael Hed joining as the board chairman.