# FormLabs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/formlabs

- Industry: Hardware
- Headquarters: Somerville, US
- Website: www.formlabs.com
- Total disclosed funding: $253M
- Latest round: Series E (May 11, 2021)
- Investors on record: 16

## About

Founded in 2011 by Maxim Lobovsky (CEO), David Cranor, and Natan Linder in Somerville, US, FormLabs, Inc. develops advanced 3D printing solutions. In May 2021, FormLabs, Inc. raised USD 150 million in series E funding led by SB Investment Advisers. The series E funding values FormLabs, Inc. at USD 2 billion post-money.

FormLabs specializes in designing and manufacturing high-resolution SLA (Stereolithography) and SLS (Selective Laser Sintering) 3D printers for professionals across various industries. Their flagship products include the Form 4L, engineered for rapid prototyping and end-use part production, and the Form Cure (2nd Generation), which enhances curing capabilities to reduce post-processing time. The Form 4L supports diverse materials, such as Tough 1500 Resin V2 and Flex Resin, catering to various applications from functional prototyping to manufacturing aids. FormLabs distributes its products on a global scale, serving sectors that require precision in additive manufacturing.

FormLabs generates revenue through direct sales of its 3D printers, resins, and post-processing equipment, primarily via B2B partnerships and direct-to-consumer sales. The company offers subscription models and bulk pricing, especially for educational institutions and large enterprises, ensuring ongoing client relationships. Additionally, FormLabs provides service plans and support to enhance user engagement.

## Funding rounds

- Series E, May 11, 2021, $150M — SB Investment Advisers
- Series D, Jul 16, 2018, $15M — New Enterprise Associates, Pitango, Shenzhen Capital Real Estate Fund
- Series C, Mar 13, 2018, $30M — Draper Fisher Jurvetson, Pitango, Foundry Group, Autodesk, Tyche Partners, Shenzhen Capital
- Series B, Jul 25, 2016, $39M — Draper Fisher Jurvetson, Pitango, Autodesk, Foundry Group, SOSV, C4 Ventures
- Series A, Oct 24, 2013, $19M — Draper Fisher Jurvetson, Pitango, Innovation Endeavors, SOSV, Acequia Capital
- Seed, Nov 9, 2011, $0.5M — LaunchCapital, Kapor Capital, Kima Ventures, Innovation Endeavors, SOSV, Acequia Capital

## Investors

- LaunchCapital (https://capitalatlas.ai/funds/launchcapital) — Seed
- Kapor Capital (https://capitalatlas.ai/funds/kapor-capital) — Seed
- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Seed
- Innovation Endeavors (https://capitalatlas.ai/funds/innovation-endeavors) — Seed, Series A
- SOSV (https://capitalatlas.ai/funds/sosv) — Seed, Series A, Series B
- Acequia Capital (https://capitalatlas.ai/funds/acequia-capital) — Seed, Series A
- Draper Fisher Jurvetson (https://capitalatlas.ai/funds/draper-fisher-jurvetson) — Series A, Series B, Series C
- Pitango (https://capitalatlas.ai/funds/pitango) — Series A, Series B, Series C, Series D
- Autodesk (https://capitalatlas.ai/funds/autodesk) — Series B, Series C
- Foundry Group (https://capitalatlas.ai/funds/foundry-group) — Series B, Series C
- C4 Ventures (https://capitalatlas.ai/funds/c4-ventures) — Series B
- Tyche Partners (https://capitalatlas.ai/funds/tyche-partners) — Series C
- Shenzhen Capital — Series C
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series D
- Shenzhen Capital Real Estate Fund (https://capitalatlas.ai/funds/shenzhen-capital-real-estate-fund) — Series D
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series E