# Glowforge

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

- Industry: Hardware
- Headquarters: Seattle, US
- Website: www.glowforge.com
- Total disclosed funding: $94M
- Latest round: Series E (May 17, 2023)
- Investors on record: 5

## About

Glowforge, Inc. is a U.S.-based company specializing in advanced 3D laser printing technology for consumers and educational institutions, offering high-precision tools for cutting and engraving materials.Founded in 2014 in Seattle, US, Glowforge, Inc. designs and manufactures laser printers for various applications. The company has achieved 9 funding deals, with the latest being a Series E round in May 2023, raising USD 20.00 mn, bringing the total amount raised to USD 20.00 mn. The CEO is Dan Shapiro.Glowforge specializes in the design and manufacturing of advanced 3D laser printers, including Glowforge Pro, Plus, and Aura models, utilizing CO2 laser technology for precision cutting, engraving, and scoring of materials. Their products cater to businesses, educators, and hobbyists, allowing users to create customized projects and educational materials, available primarily in the US, Canada, Australia, and parts of Europe.Glowforge generates revenue through direct sales of laser printers and accessories, with prices ranging from USD 699 to over USD 6,999. The B2C model allows direct purchases from the website, complemented by subscription services for educational institutions, facilitating bulk pricing and tailored support for implementing Glowforge products in curricula.In May 2023, Glowforge, Inc. secured USD 20.00 mn in Series E funding, co-led by DFJ Growth and Foundry Group, to enhance innovation and expand product offerings. The company plans to introduce new products and target expansion into additional markets, although specific regions or products have not yet been disclosed.

## Funding rounds

- Series E, May 17, 2023, $20M — True Ventures, Foundry Group, Revolution Ventures, DFJ Growth
- Series E, Jun 22, 2022, $43M — True Ventures, Foundry Group, Revolution Ventures, DFJ Growth
- Series B, Aug 1, 2016, $22M — True Ventures, Foundry Group
- Series A, May 20, 2015, $9M — True Ventures, Vault Capital, Foundry Group

## Investors

- True Ventures (https://capitalatlas.ai/funds/true-ventures) — Series A, Series B, Series E
- Vault Capital (https://capitalatlas.ai/funds/vault-capital) — Series A
- Foundry Group (https://capitalatlas.ai/funds/foundry-group) — Series A, Series B, Series E
- Revolution Ventures (https://capitalatlas.ai/funds/revolution-ventures) — Series E
- DFJ Growth (https://capitalatlas.ai/funds/dfj-growth) — Series E