Snapmaker raises $140M Series C led by Cathay Capital

What's the deal? SnapmakerDealroom has a profile for this one. Try Dealroom → has raised 1 billion CNY (about $140 million) in a Series C round led by Cathay CapitalDealroom has a profile for this one. Try Dealroom →. Existing backers Meituan, GL VenturesDealroom has a profile for this one. Try Dealroom →, and Shunwei Capital also participated.

What's the endgame? The Chinese firm makes consumer and prosumer 3D printers. It plans to spend the money on new products, its supply chain, and international distribution.

Why now? The raise came in July, amid continued investment across Asia's additive manufacturing sector — spanning funding rounds, factory expansion, and new metal printing systems.

The signal: The round ranks in the 91st percentile among Series C deals in its sector and geography over the past 48 months, a sign of sustained investor appetite for China's consumer 3D printing boom.

Image credit: infomatique