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DFJ Growth joins 3D printer craze by leading $19m Formlabs Series A round

24 Oct 2013

Formlabs printerVenture capital firm DFJ Growth has led a $19m Series A financing round for 3D printer maker Formlabs.

Pintago Venture Capital, Innovation Endeavors and returning angel investors also backed the round according to Formlabs, which held a $2.95m Kickstarter fundraising campaign last year.

DFJ Growth managing director Barry Schuler said, “We are very excited to partner with Formlabs on their next phase of growth.

“[co-founder Max Lobovsky] and the entire Formlabs team have done an amazing job with the Form 1 printer, a big advancement in the new industrial revolution.”

In the summer it emerged 3D printing start-up MakerBot Industries was in talks with a number of potential suitors amid the sector becoming a much-hyped area of attention for investors.

Talks around investment in the New York-based business, which was established four-years ago, recently valued the company at about $300m according to the Wall Street Journal.

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