Follow The Money: 10 Recent Tech VC Investments To Watch In October


Formlabs

Headquarters: Somerville, Mass.

Co-Founders: Natan Linder, Maxim Lobovsky
New Funding: $19 million
Round: A
Backers: DFJ Growth, Pitango Venture Capital, Innovation Endeavors, angel investors

After a widely successful Kickstarter campaign that raised close to $3 million, Formlabs has received $19 million in a Series A funding round. The company has already shipped more than 900 of its accessible, high-resolution desktop 3-D printers and will use the funding to further expand services, develop new software and expand material capabilities, according to a company statement.

"The group we're putting together to get here is the most creative and passionate team working in 3D printing and I'm personally excited about using this new investment to grow our team and take digital fabrication to the next level," said Maxim Lobovsky, co-founder of Formlabs, in a press release.

 



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