What is Formlabs?
Established in 2011 and headquartered in Somerville, MA, Formlabs designs and manufactures advanced 3D printing systems. The company has carved a niche by providing high-performance, accessible 3D printing solutions for professionals across various industries, including engineering, design, and manufacturing. Formlabs' commitment to innovation and product development has positioned it as a leader in the additive manufacturing space, enabling rapid prototyping and production for its diverse clientele.
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 SOSV, Innovation Endeavors, Kima Ventures, LaunchCapital, Charlie Songhurst, Mitchell Kapor, and Joi Ito
Angel/Seed (2012): $2.8M, investors not publicly disclosed
Series A (2013): $19M featuring Draper Associates, Pitango Venture Capital, and Innovation Endeavors
Series B (2016): $35M backed by Tyche Partners, Foundry Group, Founder Collective, C4 Ventures, Pitango Venture Capital, Pascal Cagni, and Draper Fisher Jurvetson (DFJ)
Series C (2018): $30M with participation from Foundry Group, Tyche Partners, Draper Fisher Jurvetson (DFJ), 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 driving innovation across telecommunications, internet services, artificial intelligence, smart robotics, IoT, and clean energy technologies. Through its diverse portfolio of companies and strategic investments, including leading semiconductor IP providers, SoftBank Group supports the development and scaling of transformative technologies worldwide.
Foundry Group
Foundry Group is a venture capital firm focused on investing in early-stage information technology, Internet, and software startups. In addition to providing the necessary venture capital to get a company up and running, Foundry Group is committed to leveraging their experience in starting and growing companies, expertise in the technology industry, and network of relationships to help great entrepreneurs turn great ideas into great companies.
Tyche Partners
Tyche Partners is a venture capital firm that specializes in investing in transformational Hard Tech companies at early and early-growth stages. The firm focuses on supporting visionary founders with disruptive technologies across various sectors, including cloud infrastructure, 3D printing, robotics, artificial intelligence, and semiconductors.
What's next for Formlabs?
The recent major strategic investment in Formlabs signals a strong vote of confidence from its backers, likely enabling the company to accelerate its product roadmap, enhance its manufacturing capabilities, and potentially explore new market segments. With a history of significant capital raises, Formlabs is well-positioned to continue its trajectory of innovation and market expansion in the competitive 3D printing landscape. The enterprise-level funding context suggests a focus on scaling operations and solidifying its position as a key provider of industrial 3D printing solutions.
See full Formlabs company page
