3D Hubs raises € 6.25 million from EQT Ventures and Balderton Capital
3D Hubs, winner of the Vectrix-NextStage startup deal of the year 2014/2015, is an online marketplace for 3D printing services. The company started in 2013 in Amsterdam and opened a second office in New York City two years ago.
Designers and engineers can find the right 3D printers through the platform of 3D Hubs. The has grown to over 40,000 3D prints per month, a +1,200% increase since the company’s round of Series A funding in 2014.
The €6.25 million funding round is led by EQT Ventures and followed by original backer Balderton Capital. Up till now 3D Hubs has raised €10.27 million in funding. Early investors are Stichting DOEN, Arthur Kosten of Booking.com, Rockstart and Marcel Beemsterboer of Vakantieveilingen.
Ted Persson, Design Partner at EQT Ventures will be joining the 3D Hubs Board of Directors. He stated: “We’ve only seen the beginning of what 3D printing will offer, and 3D Hubs is by far the most well positioned company we’ve encountered in this space. We are very impressed with what Bram, Brian and the rest of the team have managed to build in just under 3 years. So when EQT Ventures was invited to support their future journey we didn’t hesitate.”
Bram de Zwart, CEO and cofounder of 3D Hubs: ”We were inspired by the profoundly positive impact that online marketplaces have had on many industries. We wanted to establish that same marketplace for 3D printing. Our team of investors has a deep understanding of online marketplace dynamics. We’re thrilled to announce that EQT has joined us in our mission to decentralize manufacturing.”