Snapmaker Raises Millions as Chinese Big Tech Investors Pile Into 3D Printing

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China’s rapidly growing consumer 3D printing sector has entered a VC funding arms race, with rumors of major tech investors taking notice. In August, we reported that Creality submitted an IPO prospectus for the Hong Kong Stock Exchange, and last month, news broke that drone maker DJI has invested in Elegoo. Rumors are swirling that multimedia tech giant Tencent is eyeballing a stake in Bambu Lab.

Today, Snapmaker confirmed it has secured “tens of millions in US dollars” in Series B funding. The…



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Snapmaker Raises Millions as Chinese Big Tech Investors Pile Into 3D Printing


China’s rapidly growing consumer 3D printing sector has entered a VC funding arms race, with rumors of major tech investors taking notice. In August, we reported that Creality submitted an IPO prospectus for the Hong Kong Stock Exchange, and last month, news broke that drone maker DJI has invested in Elegoo. Rumors are swirling that multimedia tech giant Tencent is eyeballing a stake in Bambu Lab.

Today, Snapmaker confirmed it has secured “tens of millions in US dollars” in Series B funding. The…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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