What is Formlabs?
Formlabs, established in 2011 and headquartered in Somerville, MA, is a leading designer and manufacturer of professional 3D printing systems. The company has been instrumental in making advanced additive manufacturing accessible to a wider range of industries, from engineering and product development to dentistry and jewelry design. By providing high-performance, reliable, and user-friendly 3D printers, Formlabs empowers businesses and creators to innovate faster and bring complex designs to life. Their commitment to developing robust hardware and sophisticated software solutions has solidified their reputation as a key player in the industrial 3D printing landscape.
How much funding has Formlabs raised?
Formlabs has raised a total of $244.1M across 8 funding rounds:
Private Equity
$500K
Other Financing Round
$1.8M
Angel/Seed
$2.8M
Series A
$19M
Series B
$35M
Series C
$30M
Debt
$5M
Series E
$150M
Private Equity (2011): $500K, investors not publicly disclosed
Other Financing Round (2011): $1.8M led by Charlie Songhurst, Joi Ito, SOSV, Kima Ventures, LaunchCapital, Mitchell Kapor, and Innovation Endeavors
Angel/Seed (2012): $2.8M, investors not publicly disclosed
Series A (2013): $19M featuring Draper Associates, Innovation Endeavors, and Pitango Venture Capital
Series B (2016): $35M backed by Founder Collective, C4 Ventures, Draper Fisher Jurvetson (DFJ), Tyche Partners, Pitango Venture Capital, Pascal Cagni, and Foundry Group
Series C (2018): $30M with participation from Draper Fisher Jurvetson (DFJ), Foundry Group, Tyche Partners, Shenzhen Capital Group, and Pitango Venture Capital
Debt (2020): $5M led by PPP
Series E (2021): $150M supported by SoftBank Group
Key Investors in Formlabs
SoftBank Group
SoftBank Group is a global technology holding company that invests in and supports innovative businesses across various sectors, including AI, robotics, and clean energy, leveraging its extensive investment platforms to foster technological advancement worldwide.
SOSV
SOSV is a multi-stage venture capital investor that provides both intellectual and financial capital to accelerate the growth of founders' ambitious ideas.
Innovation Endeavors
Innovation Endeavors is an early-stage venture capital firm that invests in visionary founders and transformational technologies, focusing on emergent ecosystems driven by data, computation, and advanced engineering.
What's next for Formlabs?
With substantial enterprise-level backing and a recent strategic investment, Formlabs is poised for accelerated growth and market penetration. The company is likely to focus on expanding its product portfolio, enhancing its software ecosystem, and scaling its global operations to meet the increasing demand for industrial-grade 3D printing solutions. Further investment may be directed towards research and development for next-generation technologies, as well as strategic partnerships to broaden its application reach across diverse industries. The company's trajectory suggests a continued emphasis on innovation and market leadership in the additive manufacturing space.
See full Formlabs company page
