Legend3D has closed a $19 million Series E Preferred Stock offering. The proceeds will fund ongoing R&D efforts to enhance Legend3D’s proprietary 3D conversion pipeline, and additionally, enable the company to forge partnerships with content owners on 3D film and television projects. The financing was led by Northwater Capital Management, along with PAR Investment Partners and Augustus Ventures, who had invested in Legend3D earlier.
Legend3D uses a proprietary 2D-to-3D conversion process. Legend3D’s streamlined conversion process has been utilized for Hollywood blockbusters such as Hugo, Transformers: Dark of the Moon, Pirates of the Caribbean: On Stranger Tides, Green Lantern, and The Smurfs.