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3D Hubs Announces Infusion of $7 Million with Completion of Series B Financing

by • August 1, 2016 • No Comments

logo-hubs (1)The industry of 3D printing is incredibly versatile in range, of the titans—companies that have been in business for decades—to startups we only only heard of last week. We have the pleasure of reporting on challenges for new companies to pitch their wares, dynamic partnerships, as well as reporting earnings for worthwhile players in the industry. And while there are ups and downs and transitions for many, a handful of companies seem to have been set on a path for good results since their inception. 3D Hubs may be one.

Ironically, 3D Hubs is in addition a company responsible for helping with the good resultses of other businesses, giving us their (now quarterly) trend reports, printing guides, and more—all of that assess what equipment is many talked about and drive it home with comparisons, discussions on geography, and fortify makers around the world with monthly actuallyts. That, yet, is only a sliver of what 3D Hubs does, truly specializing in fortifying their ever-expanding network of 3D printing specialists around the world. If you require a thing printed, chances are someone is local to you and arrangements can be created expediently through 3D Hubs. You only have to live in one of oh—160 countries where their hubs exist. Shouldn’t be complex!

And pretty that momentum can only store on going with an infusion of $7 million, only revealed as 3D Hubs completes Series B financing, led by EQT Ventures, and followed by original backer Balderton Capital. With this in place, Ted Persson, Design Partner at EQT Ventures, can be joining the 3D Hubs Board of Directors. EQT Ventures is a new European VC fund with commitments of only over €566 million—and offices in Stockholm, Amsterdam, London and Luxembourg. The new funds solidify 3D Hubs’ position actually additional in the 3D printing marketplace as they go on to forge ahead, adding new printing devices to their network on a constant basis—as well as new countries.

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Whilst contributeing a multitude of computer desktop services for product designers and engineers, according to the Amsterdam-headquartered company, they are now createing 40,000 3D prints per month. This indicates really a solid business version, as well as a talked about and expanding network, with a +1,200% increase since the company’s round of Series A funding in 2014. Industrial 3D printing devices play a sizeable role in their networks around the world too, with 3D Hubs reporting that they may already have a total of 16 Fortune 100 companies that use their network services, serving industries like auto, aerospace, and healthcare.

Founded only three short years ago, what this team has completed is nothing short of awe-inspiring. They are undeniably well-known players in the 3D printing space, not limited to one type of innovation, material, or product. Their network comes together as one, contributeing a streamlined platform for users in virtually any area. They are the embodiment of createing this innovation accessible and low-cost.

“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,” said Bram de Zwart, CEO and co-founder of 3D Hubs. “Our team of investors has a deep belief of online marketplace dynamics, and we are thrilled to announce that EQT has joined us in our undertaking to decentralize manufacturing.”

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Since 2013, 3D Hubs has in addition welcomed investors Spotify, Uber, and Booking.com. As their Series B funding reaches completion, the company now in addition shows funding of:

Stichting DOENArthur Kosten of Booking.comMarcel Beemsterboer of Vakantieveilingen

It is not surprising to hear that this company by all signs should go on to do nothing but go up, with the financing behind them to allow them to store encouraging users around the world to go forward with creations, products, and prototypes via their network.

“We’ve only seen the beginning of what 3D printing can contribute, and 3D Hubs is by far the many well-positioned company we’ve encountered in this space. We are quite impressed with what Bram, Brian and the rest of the team have managed to create in only under 3 years, so when EQT Ventures was invited to assist their next journey we didn’t hesitate,” said Ted Persson, Design Partner at EQT Ventures, who can join 3D Hubs’ Board of Directors.

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“It is rare to see a company that has such an immediate disruptive effect on both software companies and physical donate chains. 3D Hubs has may already started changing the way designers and producers ponder and work.” said James Wise, who led the investment at Balderton Capital.

Whilst there are service bureaus in place around the world, 3D Hubs is pretty the many cohesive and well-known, not to mention convenient. Product designers and engineers can turn to them not only for prototypes or one-offs but in addition tiny production runs. This company is the face of on-demand 3D printing, and a role version to many. It is effortless to see why others may want to invest in them.

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