3D Hubs, an online marketplace for 3D printing services, announced the completion of its Series B financing. The €6.25 million funding round is led by EQT Ventures and followed by original backer Balderton Capital. The fresh capital will enable 3D Hubs to pursue its mission towards developing a connected network of 3D printing services to support the company’s rapidly growing professional user base.
3D Hubs was founded in 2013 and is headquartered in Amsterdam. The young company makes it easy for product designers and engineers to find the right 3D print solution for their prototyping. 3D Hubs’ platform and small production runs in over 160 countries. By connecting a growing number of professionals with 3D printing service providers, 3D Hubs has grown to over 40,000 3D prints per month – a +1,200% increase since the company’s round of Series A funding in 2014. 16 Fortune100 companies currently utilizing 3D Hubs for solutions across the automotive, aerospace, healthcare industries. 3D printing has never been so accessible.
Since the company’s inception by cofounders Bram de Zwart and Brian Garret, the 3D Hubs team has been joined by investors from Spotify, Uber, Booking.com. 3D Hubs has raised €10.27 million in funding up to date with the close of their Series B, backed by new investments from Stichting DOEN, Arthur Kosten of Booking.com and Marcel Beemsterboer of Vakantieveilingen.
Ted Persson, Design Partner at EQT Ventures will be joining the 3D Hubs Board of Directors. He stated: “We’ve only seen the beginning of what 3D printing will offer, and 3D Hubs is by far the most wellpositioned company we’ve encountered in this space. 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.”
Bram de Zwart, CEO and cofounder of 3D Hubs: ”We were inspired by the profoundly positive impact that online marketplaces have had on many industries. We wanted to establish that same marketplace for 3D printing. Our team of investors has a deep understanding of online marketplace dynamics. We’re thrilled to announce that EQT has joined us in our mission to decentralize manufacturing.”
By the way: EU-Startups.com listed 3D Hubs among 5 Dutch startups to look out for in 2014.
