US-based 3D printing service provider Shapeways has raised $30m in a series D round featuring computer manufacturer Hewlett Packard and conglomerate Sumitomo Corporation.
Inkef Capital led the round, while existing investors Andreessen Horowitz, Union Square Ventures, Index Ventures and Lux Capital also contributed. Hewlett Packard and Sumitomo participated in the round through respective corporate venturing subsidiaries Hewlett Packard Ventures and Presidio Ventures.
Hewlett Packard’s commitment follows a partnership agreement agreed with Shapeways in October 2014 to pilot more efficient 3D printers.
Founded in 2008, Shapeways enables designers to upload designs which the company will then 3D print. The products are sold on a dedicated marketplace.
Shapeways has secured $76.5m in equity funding to date, as well as $1.2m in debt financing. The series D funding will be used to develop new features and strengthen the company’s supply chain and production facilities.
Lak Ananth, managing director at Hewlett Packard Ventures, said: “Hewlett Packard Ventures is excited to help Shapeways accelerate their momentum and scale their business around the world.
“As a strategic partner, we will build upon our existing relationship with Shapeways to help make the vision and promise of 3D printing and additive manufacturing a reality.”