3 6 Ke·2025-12-10 02:00Financing Information - Snapmaker has completed a Series B financing round, raising several hundred million RMB, led by Hillhouse Capital and Meituan, with participation from Shunwei Capital, Meituan Longzhu, and Nanshan Zhanxin Investment [1] - The funds will primarily be used for core technology research and development, high-end talent recruitment, and content ecosystem construction [1] - The company has cumulatively received over 100 million RMB in capital injections [1] Company Overview - Snapmaker, founded in 2016 and headquartered in Shenzhen, aims to enable everyone to create freely in the physical world and is a pioneer in consumer-grade multifunctional 3D printers [1] - The product line includes a three-in-one multifunction printer, independent dual-head printer, and efficient multi-color printer [1] - The company has established a nearly 10,000 square meter factory and production line, investing in dozens of large CNC machines and grinders to ensure high-quality products [1] Product Highlights - The flagship product, U1 3D printer, addresses user pain points in multi-color printing, such as low efficiency and material waste, by introducing the SnapSwap™ independent four-head system for rapid material switching [2] - The U1 printer offers five times the speed and material savings, enhancing user experience with smooth and colorful creations [2] - All crowdfunding orders for the U1 have been shipped, with plans for a global launch in Q1 2026, and the company anticipates several-fold revenue growth next year [3] Market Potential - The global consumer-grade 3D printing market is projected to grow from $1.5 billion in 2020 to $4.1 billion by 2024, with a compound annual growth rate (CAGR) of approximately 28% [4] - From 2020 to 2023, the annual shipment of global consumer-grade printers has remained around 3 million units, expected to exceed 4 million units in 2024, with a CAGR of about 10.2% [4] - By 2029, the shipment is anticipated to reach 13.4 million units, with a CAGR of approximately 26.6% from 2024 to 2029 [4] Company Performance - Snapmaker has set multiple industry records through various crowdfunding activities, demonstrating strong market appeal and product innovation capabilities [5] Founder's Background - The founder, Chen Xuedong, has over 20 years of experience as a maker and has a background in engineering and robotics, having previously worked at a leading aerospace engine research institute [8] Industry Insights - Chen Xuedong believes that healthy and high-level competition will benefit the development of the 3D printing industry, similar to top global sports leagues [9] - The company emphasizes the importance of talent in driving innovation and aims to attract more individuals to the 3D printing sector to accelerate industry transformation [9]