Legend3D has locked $8 million of venture capital funding, just as the San Diego-based vfx and conversion house seeks international expansion and partnerships.
CEO Brian Robertson said Monday that Legend3D closed on a Series B Preferred Stock offering, which was led by investors Augustus Ventures Limited and Northwater Capital Management Inc.
Augustus, based in Monaco, secures funds for clients and has worked with software companies such as Visto and Wisor. Toronto-based Northwater uses its Intellectual Property Fund to help finance creative projects.
Portfolio includes work with “Batman Live” World Arena Tour, One Chip Photonics and smart antennae developers Airgain.
Funding comes on the heels of Legend3D’s move to a 60,000-square-foot studio in Carlsbad, Calif. Prexy Ian Jessel said the vfx company is looking to expand operations Stateside and internationally — seeking out partnerships in China, Japan and Europe.
Company also unveiled a vfx subdivision called Stereo Works and in December 2011 raised $19 million from a Series E Preferred Stock Offering. Augustus and Northwater boosted Legend3D’s funds in 2011 as well.
Legend3D has done 3D
conversion on movies including “Top Gun 3D,” “Oz: The Great and Powerful,” “The Amazing Spider-Man” and “Hugo.”