Tag Archives: funding
3D Printing Marketplace Shapeways Raises $6.2 Million Series B Funding
With over 1 million 3D printed products, 150,000 community members, and 6,000 shops, 3D printing marketplace Shapeways has just announced a new round of funding to help fuel growth in creative commerce. Lux Capital led a $6.2 million financing, joining existing investors Union Square Ventures and Index Ventures.
Below is a letter from CEO Peter Weijmarshausen we received about the funding:
On a daily basis, we make thousands of unique products and deliver them to people all over the world. We create an online experience that ignites creativity and increases access to the best of 3D printing, at the lowest cost. We work hard to open manufacturing such that everyone — regardless of technical background or expertise — can create the products that populate their lives.
As you can imagine, this is no easy task. To help us realize our vision and support our community, we’re growing an awesome team, building out the “factory of the future” in NYC, and expanding US distribution.
We’re excited to announce that we have a new partner on board to help us fuel our growth and the rise of creative commerce: Lux Capital. Lux led a $6.2M financing, joining existing investors Union Square Ventures and Index Ventures.
We plan to use these additional funds to help the Shapeways team grow and bring creative commerce and 3D printing to everyone. With over 6,000 independent designers selling their products through our marketplace, Shapeways shop owners are tapping into a new economic model in which their products are created on demand for their customers, at no additional cost. With over 30 material options including the recent launch of colored ceramics and Elasto Plastic, our community members have access to materials that rival the quality and cost of what you can buy in a store. And with over 150,000 community members from all backgrounds using Shapeways regularly, we’re in a really exciting time for 3D printing — you no longer need to know 3D modelling software to make ideas real.
Lux’s local NYC presence and network, as well as its expertise in commercializing emerging technologies, will help us as we expand and in particular, build out our NYC “factory of the future.” Josh Wolfe, Co-Founder & Managing Partner of Lux shared, “We seek investment opportunities to help turn technical breakthroughs into world-changing businesses, and see Shapeways at the forefront of bringing the magic of 3D printing to everyday consumers.”
We’re moving really quickly to help bring Shapeways and 3D printing to everyone – to make it easier to make anything you want, to make it more affordable, and to make it faster, and faster.
We’re so lucky to have you on board for the ride.
Happy making,
Pete, Shapeways CEO and Co-Founder
Congratulations to the Shapeways team!
MakieLab Raises $1.4 Million for Personalized 3D Printed Dolls
In May, we covered MakieLab, a Britain-based startup looking to disrupt the toy industry by letting consumers design and print their own dolls.
Now they have announced an Alpha launch and $1.4 million in seed funding.
From their press release:
Smart toys company MakieLab announces the open alpha launch of MAKIES, the first ever user-designed, 3D-printed action doll. On http://makie.me customers are designing and sharing digital avatars that are brought to life via 3D-printshops across London.
“We’ve seen amazing levels of creativity from our customers since letting the first few in during open alpha just a few weeks ago”, says Alice Taylor, founder and CEO of MakieLab. “We’re now hard at work to enable further customization of MAKIES, more creativity, and to expand to include digital and physical gaming.”
Together with the launch, MakieLab announce their seed round investment of $1.4 million. The round is led by early-stage investors Lifeline Ventures and Sunstone Capital and is joined by Anime and gaming industry veterans Matthew Wiggins, Daniel James and Cedric Littardi of superangel-fund Ynnis Ventures.
“The toys industry is ripe for disruption and 3D printing opens up for a powerful blend of digital and physical. We’re thrilled to support Alice, Jo, Sulka, Luke and team in London and Helsinki in their venture to define a new toys company,” says Petteri Koponen, Partner at Lifeline Ventures.
“MAKIES are great proof of how 3D printing will impact our everyday life in so many subtle ways. My daughter is already saving her pocket money for a MAKIE and for her and her peers this physical customization will be the norm,” adds Nikolaj Nyholm, Partner at Sunstone Capital.
MakieLab joins the ranks of culturally influential companies in the portfolio of Lifeline Ventures and Sunstone Capital – including Tinkercad, Supercell, Prezi, Gidsy, Layar and Applifier.
Congratulations to MakieLab and Alice Taylor!
Bukobot Bucks Trend with Over-Subscribed 3D Printing Kickstarter Pitch
Nearly a month ago, we analyzed the funding goals of 3D printing Kickstarter projects. The conclusion?
- Of the 13 projects since October 2009, only 6 have successfully reached their funding goals, or 46%
- The average funding goal of a successful project is $3,842 and the average funds raised is $11,039, or 287%
- The average funding goal of an unsuccessful project is $16,874 and the average funds raised is $1,105, or 7%
- The average number of backers for a successful project is 55 with each backer pledging $164
- The average number of backers for an unsuccessful project is 21 with each backer pledging only $38
- There was no geographic concentration of successful projects
Now Bukobot is bucking the trend and has been oversubscribed based on its misson to deliver an affordable 3D printer with no compromises.
From an interview with VentureBeat, Bukobot founder Diego Porqueras explained his motivation:
Porqueras promises that the Bukobot (named after his “tough” dog, Buko, who he rescued from the streets), will be the most inexpensive 3D printer on the market to date.
“Compared to a MakerBot [and other similar companies], my design is a lot more efficient and simplified while still keeping the rigidity of a box,” Porqueras told VentureBeat. “I wanted to think outside the box (literally) for the design because this would allow a lot more flexibility for expansion and modifications to the feature without having to redesign or build a whole new frame.”
Most of Porqueras’ models are under $1,000, which is a deal when compared to MakerBot’s Replicator, which costs nearly $1,800.
Below is the video of the Kickstarter pitch that attracted 400% of its target funding level.
Via VentureBeat.
Bukobot photo by JuniorMonkey used under Creative Commons license.
Analyzing Funding Goals of 3D Printing Kickstarter Projects [Data]
Why do some Kickstarter projects achieve their funding goals while others are unsuccessful?
The New York Times recently published an analysis of three years of Kickstarter projects.
Almost 50,000 projects have sought financing on Kickstarter since the site began on April 28, 2009. About half successfully reached their fund-raising goals.
We decided to run our own analysis of 3D printing Kickstarter projects. Here is what we found:
- Of the 13 projects since October 2009, only 6 have successfully reached their funding goals, or 46%
- The average funding goal of a successful project is $3,842 and the average funds raised is $11,039, or 287%
- The average funding goal of an unsuccessful project is $16,874 and the average funds raised is $1,105, or 7%
- The average number of backers for a successful project is 55 with each backer pledging $164
- The average number of backers for an unsuccessful project is 21 with each backer pledging only $38
- There was no geographic concentration of successful projects
Based on this analysis, we are seeing that unsuccessful projects are asking for too much money and also not finding enough individual backers to support their idea. Sometimes this is due to the production quality of the pitch, but overall it seems that crowdfunding backers are not ready to embrace 3D printing projects.
For example, PotteryPrint was an iPad app concept to teach kids about 3D printing. They raised $6,000 of their $12,000 funding goal. Another example on IndieGoGo is Anarkik3D, which has only raised $3,050 of its $120,000 funding goal with 55 days to go. Both of these projects have good ideas and great production quality, but have set targets above the average successful funding level of $3,842.
Below are some charts of our analysis and the raw data.
3D Printing Kickstarter Projects Funding by Location
Kickstarter bookshelf photo by Scott Beale / Laughing Squid used under a Creative Commons license.
3D Printing for Kids – Kickstarter Project PotteryPrint Fails to Raise Funds
3D Printing for kids: it’s a noble and imaginative concept. Just as other disciplines, from math to basic science to foreign language, are being introduced to children at a young age, there could be many educational benefits to giving kids a hands-on 3D printing toolset.
The team at PotteryPrint launched a Kickstarter project to raise $12,000 to build an iPad app where kids could design pottery that would be 3D printed. Unfortunately, only $6,000 was raised by the deadline.
Why Did It Fail to Raise Funds?
First, perhaps the focus on pottery is too much of a deviation from the core developments in 3D printing today. Pottery is a decorative art, and pottery pieces can be quite fragile. 3D printed objects in production today are mostly utility, though some are art, but all are made from commercial polymers to ensure durability.
Second, the key deliverable of this Kickstarter project was the iPad app. What will truly drive kids education in 3D printing is access to printers, not access to software. The PotteryPrint concept outsources the 3D printing itself, thereby removing that hands-on experience from the educational cycle.
I hope PotteryPrint resubmits a new project with a promise to make 3D printing as accessible as its design software.
Below is their Kickstarter pitch.
