Apr 19, 2018 | By Thomas
Shapeways, a New York-based 3D printing company, today announced $30M Series E led by Lux Capital. Other participants in this round include Union Square Ventures, INKEF Capital and Andreessen Horowitz all recommitting as earlier investors.
Shapeways, which had previously raised around $80 million in funding, operates an online marketplace where designers can upload their own 3D model designs and sell 3D-printed creations. The company handles the 3D printing and shipping and also offers product development and design services. Currently Shapeways receives 140,000 uploads each month.
According to the company, the capital will be used to "accelerate company growth and launch additional services to support Shapeways’ overall vision to become the complete end-to-end platform helping creators ‘design, make, and sell,’ regardless of 3D modeling experience."
“We’ve just hit our 10 millionth product printed but we are just getting started, there is so much more to do,” added Greg Kress, CEO of Shapeways. “We want to enable more creators to reach success and this will include supporting them through design services, manufacturing beyond just 3D printing and helping them create small businesses.”
The first program to come out of the expansion is an initiative called “Design with Shapeways,” which offers one-on-one support to creators throughout the 3D modeling process. Additionally, Shapeways is unveiling Spring & Wonder, a custom jewelry collection that will allow users to personalize the look, material and design of each piece. According to Shapeways, this is the first of several in-house showcase brands to be announced this year with others planned across a wide-range of product categories.
Currently the team is working on offering an end-to-end service that will help creators successfully scale into small businesses. The services include: brand development, website design, marketing support, merchandising, customer service and more.
“The plan is to put this product creation engine in the hands of millions more, through more approachable and expansive services,” added Lux Capital partner Zack Schildhorn. “Life-changing businesses will be built on this platform.”
Posted in 3D Printing Service
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