Snapmaker has completed a Series B financing round in the double-digit million range. The round is led by Hillhouse Ventures and Meituan, with additional funding coming from Shunwei Capital, Longzhu Capital from the Meituan ecosystem, Nanshan Innovation Investment, and existing investors Cowin Capital and Orient Securities Capital. Shunwei Capital is the venture capital fund co-founded by Xiaomi founder, CEO, and chairman Lei Jun. Snapmaker plans to invest the additional funds in research and development, international staffing, and the expansion of its own ecosystem to promote the use of consumer 3D printing worldwide.
Since its founding in 2016, Snapmaker has pursued the goal of making physical manufacturing accessible to as many people as possible. The company became known for its modular 3-in-1 systems. In 2019, Snapmaker 2.0 raised approximately $7.85 million on Kickstarter, setting a benchmark in the field of technology-oriented crowdfunding campaigns. This was followed in 2025 by the U1, which raised over $20 million and received support from more than 20,000 backers. The project is considered the most financially successful campaign for a 3D printer to date and demonstrates the high demand for efficient multicolor systems.
Current developments are based on extensive user surveys. Much of the feedback concerned the low efficiency and high material loss of conventional multicolor solutions, even though this feature is often a decisive factor in purchasing decisions. Snapmaker has responded to this with the U1 and the SnapSwap system, a four-head parallel tool changer. This architecture allows for quick material changes, supports flexible filaments, and is designed for high stability and productivity. According to the company, printing times can be reduced by a factor of five, while material waste is reduced by up to five times.
According to Snapmaker, all U1 devices sold via crowdfunding have been delivered. The global retail launch is planned for the first quarter of 2026. The company expects significant revenue growth as demand for multicolor and high-speed printing continues to increase. With the new funding, Snapmaker plans to expand its development work, attract more skilled professionals for hardware, AI software, and content platforms, and establish a broader ecosystem of developers, creatives, and supply chain partners to lower the barriers to entry into 3D printing.
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