Shapeways forges $30m series D

The 3D printing services provider has secured funding from backers including Inkef, taking its overall financing to almost $80m.

US-based 3D printing service provider Shapeways has raised $30m in a series D round featuring state pension fund-run Inkef Capital. Robert Jan Galema of Inkef Capital joins the Shapeways board and said: “The 3D printing industry itself is at an inflection point shifting the user base beyond the innovating group of designers only. The long term impact of industry game changers is very often underestimated and no one really knows how fast things will happen, but it is happening now.” 

Inkef, which was founded in 2010 as a venture manager for ABP/APG, led the round, while existing investors, VC firms Andreessen Horowitz, Union Square Ventures, Index Ventures and Lux Capital also contributed. Computer manufacturer Hewlett Packard and conglomerate Sumitomo Corporation participated in the round through respective corporate venturing subsidiaries Hewlett Packard Ventures and Presidio Ventures.

Hewlett Packard’s commitment follows a partnership agreement agreed with Shapeways in October 2014 to pilot more efficient 3D printers.

Shapeways has secured $76.5m in equity funding to date, as well as $1.2m in debt financing. The series D funding will be used to develop new features and strengthen the company's supply chain and production facilities.

Founded in 2008, Shapeways enables designers to upload designs which the company will then 3D print. The products are sold on a dedicated marketplace. Since Shapeways launched in 2008, the service has 3D printed more than 2.5 million products, with 150,000 new designs uploaded to the website monthly. Of the 620,000 community members, 30,000 sell their unique products on the Shapeways marketplace, which draws a global audience.

See more from this Government Report: Eindhoven, Netherlands, Netherlands

Back

Copyright Mawsonia Limited 2010. Please don't cut articles from www.globalgovernmentventuring.com or the PDF and redistribute by email or post to the web without written permission.

Most read

  1. Europe ‘guarantees’ research and innovation budget

    November 28, 2017

  2. Nautilus sails to $26m series C

    November 22, 2017

  3. Definvest targets startups with $59m

    November 21, 2017

  4. Step Pharma climbs $17m series A

    November 22, 2017

  5. Codiak develops $76.5m series C

    November 30, 2017