Bloomberg News

Andreessen Horowitz Leading Investment in 3-D Printer Shapeways

April 23, 2013

Shapeways Inc., the 3-D printing company that creates made-to-order products, raised $30 million from investors, including Andreessen Horowitz, to accelerate hiring while building factories.

Union Square Ventures, Index Ventures and Lux Capital joined the financing, New York-based Shapeways said today in a statement. The company, spun out of Royal Philips Electronics NV in 2007, has raised a total of $47.3 million.

Shapeways serves as a marketplace for 3-D products, letting users shop for printed designs the same way they use Amazon.com Inc. (AMZN:US) for clothes, books and cooking utensils. The company has printed over 1 million products and has is uploading 60,000 new designs a month from users buying and selling products.

“Technology is at its best when it enables human creativity,” Andreessen Horowitz Partner Chris Dixon said in today’s statement. Dixon, a long-time entrepreneur and angel investor, joined the Menlo Park, California-based firm in November.

Bloomberg LP, the parent of Bloomberg News, is an investor in Andreessen Horowitz.

To contact the reporter on this story: Ari Levy in San Francisco at alevy5@bloomberg.net

To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net


Best LBO Ever
LIMITED-TIME OFFER SUBSCRIBE NOW

Companies Mentioned

  • AMZN
    (Amazon.com Inc)
    • $325.0 USD
    • 1.00
    • 0.31%
Market data is delayed at least 15 minutes.
 
blog comments powered by Disqus