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.
Read Full Story on 3D Printing IndustryRelated Stories
Drones & RoboticsReframe Systems raises $40M to scale its robotic microfactories for home buildingRobotics Business Review3D Printing & PrefabNavy Fast-Tracks 3D Printed Parts to Boost Submarine Production3D Printing IndustryDrones & RoboticsVertico Installs Largest 3D Concrete Printing System to Date at Portuguese Precast Facility3D Printing Industry3D Printing & PrefabSYZMIK’s X7C+ Cuts Concussion Risk 77% With 3D Printed Lattice Padding3D Printing Industry