Mar 26, 2019 | By Thomas
3D Hubs, an online marketplace for 3D printing services, today announced that it has raised $18 million to expand services abroad.
3D Hubs’ $18 million series C was led by Endeit Capital, with participation from Hearst Ventures, EQT Ventures, Balderton Capital, Erik de Bruijn, founder of Ultimaker, and Booking.com founder Arthur Kosten, among others. The money will be used to advance the automation of its quoting, design validation, and the smart order routing to its global network of suppliers, expand the team, and open a new office in the U.S..
“Thanks to our algorithms, 93 percent of manufacturing orders are fully automated, allowing us to get parts into our customers’ hands twice as fast, on average,” said CEO Bram de Zwart. “This latest funding round will give us the power to make manufacturing outsourcing even smarter and simpler, and we couldn’t be more excited.”
Founded in 2013, 3D Hubs is now available in 140 countries. The company says its network of 3D printing houses has produced over 2 million parts for around 20,000 businesses, with an average turnaround of about two days. The company has also reported that its net revenue tripled in 2018 alone.
The new investment round brings its total capital raised to $30 million and comes after a $7 million series B in July 2016.
“The combination of 3D Hubs’ proprietary software, high-quality network of vetted suppliers spread across four continents and most visited website among engineers makes it a unique company with tremendous global potential,” added Ilan Goudsmit, Investment Manager, Endeit Capital. “3D Hub’s software instantly automates all steps of the quoting to sourcing process – based on datasets from millions of parts made – positioning the company to further scale and disrupt the manufacturing market. We are delighted to be supporting 3D Hubs in its global ambition and are looking forward to working together with its highly motivated and effective team of industry experts.”
In addition to industrial 3D printing capabilities, the site has added CNC machining and injection moulding to its service offerings, all fulfilled through a closed partner program of over 250 of high-end vendors.
“3D Hubs is dramatically changing the way companies approach product development and production,” offered Ken Bronfin, Senior Managing Director of Hearst Ventures. “The 3D Hubs platform has become a one-stop shop that provides engineers with sophisticated design tools together with a broad range of state-of-the-art manufacturing capabilities at the push of a button. The company is well-positioned to become a very large driver in the evolution of the manufacturing supply chain.”
Posted in 3D Printer Company
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the new most hated company in 3d printing
someone wrote at 3/28/2019 12:20:04 PM:
why do all these founders post pictures of themselves... show a happy customer, the product you sell.... If you want to show pictures of yourself get at an insta account.... Congratz.. on the succes..
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