Legend3D Closes $8M Round; Moves San Diego HQ Closer to Hollywood
Legend3D, which specializes in creating 3D visual effects for cinema and digital media, says today it has closed on $8 million in new funding, shortly after moving its headquarters from San Diego into a new “state-of-the-art, 60,000-square-foot studio in Carlsbad, CA.
Augustus Ventures and Northwater Capital Management led the deal, which was described as a Series B round in a statement from the company. Legend3D said it had raised $19 million from Northwater, Augustus, and other investors about 15 months ago in what was described at the time as a Series E round. A spokesman for the company did not immediately respond to a request to clarify the sequence of the funding rounds.
The company, founded in 2001 by Barry Sandrew as movie colorization specialist Legend Films, later transformed itself into a 3D visual effects and conversion company. Moving Legend3D’s corporate headquarters to Carlsbad makes the commute to Hollywood a little easier for the company’s executives.
The company established a new business division last year called Stereo Works that is dedicated to working more closely with Hollywood studios. The company also moved its Los Angeles office to Hollywood Center Studios to be closer to its entertainment client base.
In the statement, Legend3D CEO Brian Robertson says, “The funding reinforces the confidence our lead investors have in the directions we are taking in the growth of the company both domestically and internationally. Our extensive R&D investments are ensuring constant innovations in the development of market-leading software and systems, which has allowed us to marry the highest 3D conversion quality in the industry with highly competitive pricing.”
Using its patented 3-D conversion technology, Legend3D says its 3D special effects work includes “Oz: The Great and Powerful,” “Top Gun 3D,” “Hugo,” and “The Amazing Spider-Man.”