Shapeways, a US-based three-dimension (3D) printing spin-out from Netherlands-based healthcare company Philips’ lifestyle incubator, has completed a $30m series C fundraising, led by Andreessen Horowitz, a US-based venture capital company. Current investors, including venture capital firms Union Square Ventures, Index Ventures and Lux Capital also participated in the round. Chris Dixon, a partner at Andreessen Horowitz, will join the company’s board. Shapeways, which was spun out of the lifestyle incubator of the Dutch technology company Philips in 2007, allows users to upload designs into an online marketplace and community. Customers can browse and buy products, which are created using Shapeways’ 3D printers and shipped, with the company taking a cut of the money. The company is one of the more high profile in the emerging market of the internet of things” where digital objects are translated into physical ones. Shapeways raised $5m in series A funding in September 2010, led by Union Square Ventures and Index Ventures, moving its headquarters to New York City at the time. Lux Capital led a $6.2m series B fundraising in June 2012, with Union Square and Index joining the round.
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Shapeways builds with series C
May 7, 2013 • Pete Guest
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