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3D Hubs, an online marketplace for 3D printing services, today announced that it has raised $18 million to expand services abroad.
3D Hubs’ $18 million series C was led by Endeit Capital, with participation from Hearst Ventures, EQT Ventures, Balderton Capital, Erik de Bruijn, founder of Ultimaker, and Booking.com founder Arthur Kosten, among others. The money will be used to advance the automation of its quoting, design validation, and the smart order routing to its global network of suppliers, expand the team, and open a new office in the U.S..
Thanks - Algorithms - Percent - Manufacturing - Orders
“Thanks to our algorithms, 93 percent of manufacturing orders are fully automated, allowing us to get parts into our customers’ hands twice as fast, on average,” said CEO Bram de Zwart. “This latest funding round will give us the power to make manufacturing outsourcing even smarter and simpler, and we couldn’t be more excited.”
Founded in 2013, 3D Hubs is now available in 140 countries. The company says its network of 3D printing houses has produced over 2 million parts for around 20,000 businesses, with an average turnaround of about two days. The company has also reported that its net revenue tripled in 2018 alone.
Investment - Round - Capital - Series - B
The new investment round brings its total capital raised to $30 million and comes after a $7 million series B...
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