E-commerce company DeNA exited Pinshape, a Canada-based marketplace for 3D printing designs, on Tuesday following an acquisition by 3D printing software developer and equipment manufacturer Formlabs for an undisclosed sum.
Founded in 2013, Pinshape operates an online marketplace for users to upload, share and sell their designs for 3D printed objects. It will continue to operate as a standalone business within Formlabs.
DeNA supported a $725,000 seed round in February 2015 that was also backed by BDC Capital, the investment arm of Business Development Bank of Canada, as well as Quadra Venture Capital and several angel investors, according to AngelList.
The company had previously raised $100,000 in a 2014 seed round backed by 500 Startups and assorted angel investors.
Dávid Lakatos, head of product at Formlabs, said: “3D printing is greater than just Formlabs. By connecting Pinshape’s thriving community and rich hub of 3D content to Formlabs’ tools of innovations and resources, we help fantastic designs find form.
“As 3D printing demand continues unabated among professionals and prosumers, we’re excited about joining forces with Pinshape to extend our reach in the market and ecosystem.”