China’s rapidly growing consumer 3D printing sector has entered a VC funding arms race, with rumors of major tech investors taking notice. In August, we reported that Creality submitted an IPO prospectus for the Hong Kong Stock Exchange, and last month, news broke that drone maker DJI has invested in Elegoo. Rumors are swirling that multimedia tech giant Tencent is eyeballing a stake in Bambu Lab.
Today, Snapmaker confirmed it has secured “tens of millions in US dollars” in Series B funding. The round was co-led by Hillhouse Ventures and Meituan, with additional participation from Shunwei Capital, Longzhu Capital (Meituan), Nanshan Innovation Investment, and continuing support from existing shareholders Cowin Capital and Orient Securities Capital.
