3D Hubs' latest financing round will expand its professional 3D printing network.
The world’s biggest 3D printing network, 3D Hubs has announced its racked up a total of $7 million in a Series B financing round led by EQT Ventures, followed by original backer Balderton Capital. The new financing will be used to develop 3D Hubs’ growing network of 3D printing services in the professional user space.
Since its launch in 2013, 3D Hubs has grown to boast over 40,000 3D prints per month with its services available in over 160 countries and used by 16 Fortune 100 companies for solutions across the automotive, aerospace and healthcare industries.
“We were inspired by the profoundly positive impact that online marketplaces have had on many industries, and we wanted to establish that same marketplace for 3D printing,” Bram de Zwart, CEO and cofounder of 3D Hubs, explained. “Our team of investors has a deep understanding of online marketplace dynamics, and we’re thrilled to announce that EQT has joined us in our mission to decentralise manufacturing.”
The 3D Hubs team has been joined by investors from Google, Uber, Booking.com, Spotify and now Ted Persson, Design Partner at EQT Ventures, will join its Board of Directors. With the addition of this Series B, 3D Hubs has raised a total of $11.5 million in funding to date.
“We’ve only seen the beginning of what 3D printing will offer, and 3D Hubs is by far the most well-positioned company we’ve encountered in this space,” Ted Persson, Design Partner at EQT Ventures, who will join 3D Hubs Board of Directors commented. “We are very impressed with what Bram, Brian and the rest of the team have managed to build in just under 3 years, so when EQT Ventures was invited to support their future journey we didn’t hesitate.”
James Wise, partner of Balderton Capital and Board Member of 3D Hubs added: “It's rare to see a company that has such an immediate disruptive effect on both software companies and physical supply chains. 3D Hubs has already started changing the way designers and producers think and work.”