Balderton leads $4.5m series-A for 3D Hubs

The fresh capital will enable 3D Hubs to invest in new team members and develop an e-commerce service to facilitate the ordering of 3D-printed items. It will also fund the opening of a new office in New York.

Balderton stated it was attracted to the deal by the growth potential of 3D printing networks for manufacturing purposes. It anticipates a growing trend in which products are tailored to individuals and produced on a more local basis.

Previous funding
In August 2013, Balderton invested an undisclosed amount of seed capital in 3D Hubs.

Company
Launched in 2013 and headquartered in Amsterdam, 3D Hubs is a network connecting owners of 3D printers with people who want to use the devices. It has commercial partnerships with 3D design software company Autodesk and smartphone brand Fairphone.

3D Hubs claims to give more than 1 billion people access to a 3D printer within 10 miles of their home, adding that 30,000 prints have been produced using the network to date. The company has a network of 7,000 printer owners across 140 countries.

Following the transaction the company will have a headcount of more than 30 people.

People
Mark Evans, a general partner at Balderton, will take a seat on the board at 3D Hubs. Bram de Zwart is CEO and co-founder of 3D Hubs.

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• Topics
• Expansion
• Technology
• Benelux
• Netherlands
• Balderton Capital