Can Elegoo’s Latest 500M Yuan Round Counter the “Bambu Effect”?
3D Printing Industry
AI SUMMARY
Chinese 3D printer maker Elegoo raised over $73 million in a Series B+ funding round led by Meituan and other investors. The financing aims to help Elegoo compete with rival Bambu Lab in the growing consumer and professional 3D printing market.
FROM THE ARTICLE
Chinese 3D printer manufacturer Elegoo (Shenzhen SmartPie Technology Co., aka SmartPie) has completed a B+ round of financing worth over 500 million yuan ($73.3 million). The round was jointly backed by Meituan and its investment arm, Dragon Ball, alongside Guoce Capital, Hillhouse Capital, Minghui…
This story was originally published by 3D Printing Industry.
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