Group 1 - The recent financing round was led by Hillhouse Capital and Meituan, with participation from Shunwei Capital, Meituan Longzhu, and Nanshan Zhanxin Investment, along with existing shareholders such as Tongchuang Weiye and Dongzheng Capital [2] - The funds raised will be used for core technology research and development, high-end talent recruitment, and content ecosystem construction, aiming to accelerate the popularization of consumer-grade 3D printing technology [2] - The company was established in 2016 and set a crowdfunding record in 2019 with Snapmaker 2.0, raising over 54 million RMB in the technology category [2] Group 2 - The flagship product, U1 3D printer, achieved a crowdfunding amount of over 150 million RMB, making it the highest crowdfunding project in the history of 3D printing [2] - The company announced that all U1 crowdfunding orders have been shipped, with plans for a global launch in the first quarter of 2026, and expects revenue to grow several times next year [2]

Core Insights - Snapmaker, a global consumer-grade 3D printing brand, has completed a multi-hundred million RMB Series B financing round, led by Hillhouse Capital and Meituan, with participation from several other investors [1] - The funds will be used for core technology research and development, high-end talent recruitment, and content ecosystem construction to accelerate the popularization of consumer-grade 3D printing technology [1] Group 1: Product Innovation and Market Performance - Since its establishment in 2016, Snapmaker has focused on consumer-grade 3D printing, breaking global crowdfunding records with its products [3] - The Snapmaker 2.0 raised over 54 million RMB in 2019, setting a record in the technology category and achieving the highest market share globally [3] - The flagship U1 3D printer raised over 150 million RMB (approximately 20 million USD) in crowdfunding in 2025, becoming the highest crowdfunding project in 3D printing history, supported by over 20,000 users [3] Group 2: User-Centric Approach and Technological Advancements - Snapmaker's breakthroughs stem from precise insights into user needs and deep integration of technology, addressing pain points such as low efficiency and material waste in multi-color printing [4] - The U1 printer features the innovative SnapSwap™ independent four-head system, allowing for rapid material switching and significantly enhancing printing efficiency and stability, achieving five times the speed and material savings [4] Group 3: Future Growth and Strategic Focus - The recent financing is seen as a critical milestone for Snapmaker, transitioning from product leadership to ecosystem completeness [6] - The company aims to accelerate core technology development, expand global talent recruitment, and build an open ecosystem to lower the barriers for 3D printing, making it a universal creative tool [6] - Snapmaker is actively recruiting for key positions in mechanical electronics, software control, and marketing to drive innovation [6]

Core Insights - Snapmaker, a global consumer-grade 3D printing brand, has completed a multi-hundred million RMB Series B financing round, led by Hillhouse Capital and Meituan, with participation from several other investors [1] - The company aims to use the funds for core technology research and development, high-end talent recruitment, and content ecosystem construction to accelerate the popularization of consumer-grade 3D printing technology [1] Group 1: Product Innovation and Market Demand - Since its establishment in 2016, Snapmaker has focused on consumer-grade 3D printing, breaking crowdfunding records with its products, including the Snapmaker 2.0 which raised over 54 million RMB in 2019, and the flagship U1 3D printer which raised over 150 million RMB (approximately 20 million USD) in 2025, becoming the highest crowdfunded 3D printing project in history [3][4] - The U1 printer features the innovative SnapSwap™ independent four-head system, allowing for rapid material switching and significantly improving printing efficiency and stability, achieving five times the speed and material savings [4] Group 2: Strategic Goals Post-Financing - The recent financing is seen as a critical transition for Snapmaker from a product-led approach to a more comprehensive ecosystem development [6] - The company plans to focus on three main areas: accelerating core technology R&D to address user pain points in multi-color printing and high-speed forming, expanding global talent acquisition particularly in hardware R&D and AI software, and building an open ecosystem to lower the barriers for creators and developers [6]