Money & FundingPress Releases

Formlabs closes $30 million series C funding round

Stay up to date with everything that is happening in the wonderful world of AM via our LinkedIn community.

Formlabs has raised $30 million in Series C funding led by Tyche Partners. This latest investment round includes participation from Shenzhen Capital Group and UpNorth Investment Limited, as well as existing investors DFJ, Pitango and Foundry Group. The Series C round brings the total investment to date to $85 million.

The investment will be used to broaden Formlabs’ product portfolio, and scale operations to meet increasing customer demand worldwide, particularly in China and Asia. Formlabs already has a strong established presence in the U.S. and European markets, with more than 300 employees in the U.S., 100 in Europe and employees in China and Japan. This next phase in growth will accelerate maturation in those markets.

“We continue to push the boundaries of professional 3D printing and it has resulted in significant growth for the company. For many years, China has been catching up in manufacturing capabilities to the U.S. and Europe, but recently it has matched or surpassed in many areas. Chinese manufacturers will be critical to figuring out how to adopt 3D printing into higher volume manufacturing applications.”

Max Lobovsky, co-founder and CEO, Formlabs.

“Formlabs is leading the transformation of the 3D printing industry and is dominating the desktop SLA market with the largest market share worldwide,” added Weijie Yun, Founding partner of Tyche Partners. “We’re excited to invest and participate in the growth of the company’s future as their product portfolio expands from SLA to SLS and penetrates the industrial 3D printer market.”

Formlabs has seen exceptional year-over-year growth. With 100 channel partners and resellers, shipping to six continents, Formlabs printers are the number one selling stereolithography printers worldwide. This announcement comes ahead of Formlabs’ headquarters expansion in Somerville, MA where it will soon be opening a new 18,000 square foot facility to add to its growing campus headquarters.

Research 2021
Ceramic AM Market Opportunities and Trends

This market study from 3dpbm Research provides an in-depth analysis and forecast of the ceramic additive ma...

3D Printing Media Network

3D Printing Media Network is the editorial branch of 3D Printing Business Directory. It was set up to provide the latest industry news and opinions to a global audience of professionals.

Related Articles

Back to top button

We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy.

Privacy Settings saved!
Privacy Settings

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Control your personal Cookie Services here.

These cookies are necessary for the website to function and cannot be switched off in our systems.

In order to use this website we use the following technically required cookies
  • PHPSESSID
  • wordpress_test_cookie
  • wordpress_logged_in_
  • wordpress_sec

Decline all Services
Accept all Services

STAY AHEAD

OF THE CURVE

Join industry leaders and receive the latest insights on what really matters in AM!

This information will never be shared with 3rd parties

I’ve read and accept the privacy policy.*

WELCOME ON BOARD!