3D Hubs has raised $4.5 million in Series A to accelerate international expansion. The new funding round is led by Balderton Capital. Mark Evans, General Partner at Balderton Capital, will join the 3D Hubs board, the company announced yesterday evening on Medium. Last year 3D Hubs raised an undisclosed amount of seed funding from Balderton, Marcel Beemsterboer and Foundation Doen.
The funding will be used to ‘accelerate the number of products being produced locally’, the company states. To enable this new growth stage 3D hubs opened up it’s first US office in the New Lab space at the Brooklyn Navy Yards. It will grow its team from 20 to more than 30 people in the next few months and push for new partnerships with leading consumer brands. It already works with smartphone manufacturer Fairphone.
Just a year ago the founders of 3D hubs Brian Garret and Bram de Zwart pitched on Rockstart 2013 Demo Day that 3D printers are idle 95% of the time and that they want to connect these printers and people needing objects worldwide. Now the company sets itself another ambitious goal for the coming year: connecting over 25% of the world population to local 3D printers.
The new funding will enable the young startup to jumpstart this ambitious goal.
Photo: #D Hubs