Shapeways, a US-based 3D printing service provider backed by enterprise technology producer Hewlett Packard Enterprise (HPE) and conglomerate Sumitomo, has raised $30m in series E funding.
The round was led by Lux Capital and featured fellow venture capital firms Union Square Ventures, Inkef Capital and Andreessen Horowitz.
Founded in 2008 as a spinout from electronics and medical technology producer Philips’ lifestyle incubator, Shapeways offers 3D design tools and printing services through an online platform.
Users upload their creations and can choose from more than 60 different materials and finishes before selling their products on a dedicated marketplace.
Shapeways has printed more than 10 million products to date and processes 140,000 uploads each month. The series E funding will enable it to expand its offering by launching three additional services.
The first service, Design with Shapeways, will provide one-on-one support to creators during the modelling process. The company is also introducing Spring & Wonder, a jewellery collection that can be personalised in look, material and design.
Finally, Shapeways is developing an end-to-end service that will allow designers to launch their own businesses through the platform.
The company plans to offer features such as online stores that are optimised for smartphones, marketing and branding services as well as customised packaging. It has raised approximately $107m in equity and $1.2m in debt financing in total.
Shapeways closed a $30m series D round in 2015 featuring Sumitomo fund Presidio Ventures and HP Ventures, the corporate venturing subsidiary of Hewlett Packard prior to it dividing into HPE and computing equipment maker HP the same year.
The series D round was led by Inkef Capital, with participation from Andreessen Horotwitz, Union Square Ventures, Index Ventures and Lux Capital.