Consumer 3D Printing Company Snapmaker Secures 1 Billion Yuan in Series C Funding, Prioritizing Model Ecosystem Development

[Ebrun Original] July 8th - Consumer 3D printing company Snapmaker announced the completion of a 1 billion yuan Series C funding round. This round was led by Cathay Innovation, with participation from TAL Education Group's strategic investment arm. Existing shareholders including Meituan's strategic investment, Meituan Longzhu, Hillhouse Capital's venture arm (GL Ventures), and Shunwei Capital significantly increased their investments. Gaohu Capital acted as the exclusive financial advisor.

Snapmaker was founded in 2016, focusing on the consumer 3D printing sector. In 2019, the Snapmaker 2.0 set a new global crowdfunding record for tech products, raising over 54 million yuan and pioneering the all-in-one (3D printing, laser engraving, and CNC cutting) multi-functional niche category, achieving the global market share lead.

Its flagship product, the Snapmaker U1, features four fully independent print heads, enabling multi-color and multi-material printing through 'head swapping,' significantly improving printing efficiency and reducing material waste. In 2025, this product set a new 12-hour crowdfunding record for 3D printers on Kickstarter, raising 47 million yuan within 12 hours. Currently, the crowdfunding total for this product has reached 150 million yuan, with support from over 20,000 backers. It is reported that thanks to this product, the company's revenue increased tenfold year-over-year, and it has now delivered over 100,000 units.

Regarding funding history, Snapmaker completed a tens of millions of yuan Series A round in 2021, led by Matrix Partners China with participation from Cowin Capital, primarily used for talent recruitment and supply chain development. At the end of 2025, the company completed a hundreds of millions of yuan Series B round, co-led by GL Ventures and Meituan, with participation from Shunwei Capital, Meituan Longzhu, and Nanshan Strategic Emerging Industry Investment. Existing shareholders Cowin Capital and Orient Securities continued their investment. These funds were used for core technology R&D, high-end talent recruitment, and content ecosystem development to accelerate the popularization of consumer 3D printing technology.

Snapmaker believes the next commercial opportunity lies in building an ecosystem around the creative act itself—hardware is the entry point, consumables drive repeat purchases, content communities foster user engagement, and AI lowers the barrier to creation. The company stated its strategic focus this year is on building a model repository site to help users achieve one-click printing, while actively exploring the application of AI tools to lower the barrier to 3D design.