How much funding has Elegoo raised?

Elegoo has raised $50.0M in total funding. Key investors include DJI (Da-Jiang Innovations), SZHTI Group (Shenzhen HTI Group), Bofo Fund, Crowdfunding investors.

Who is the CEO of Elegoo?

Chris Hong (Founder), Kevin Wang (Co-Founder) is the CEO of Elegoo. The company was founded in 2015.

Where is Elegoo located?

Elegoo is headquartered in Shenzhen, China.

What funding stage is Elegoo at?

Elegoo is currently at the Active stage.

How many employees does Elegoo have?

Elegoo has approximately 501-1000 employees.

Elegoo

Name: AM Companies Database
Creator: AMPulse
License: https://creativecommons.org/licenses/by/4.0/

HardwareShenzhen, ChinaFounded 2015· One of 1684 Hardware companies tracked by AMPulse

A leading global provider of consumer-grade 3D printers and smart manufacturing solutions, specializing in high-performance resin (MSLA) and filament (FDM) hardware.

CEO / Founder: Chris Hong (Founder), Kevin Wang (Co-Founder)
Team Size: 501-1000
Stage: Active
Total Funding: $50.0M
Latest Round: Series B
Key Investors: DJI (Da-Jiang Innovations), SZHTI Group (Shenzhen HTI Group), Bofo Fund, Crowdfunding investors

Technology & Products

Key Products

FDM 3D printers (Neptune series, Centauri Carbon series), MSLA/DLP resin 3D printers (Saturn series, Mars 5 series), NexPrint digital platform, Arduino-based STEM & robotic kits.

Technological Advantage

Leverages a vertically integrated Shenzhen supply chain to iterate rapidly; pioneered massive-scale consumer FDM (800x800x1000mm) and high-speed multi-color printing technologies that are 25% faster than competitors.

Differentiation

Value Proposition

Democratizes high-precision manufacturing by offering industrial-grade features (like 12K resolution and high-speed printing) at a consumer-friendly price point with a focus on ease of use.

How They Differentiate

Elegoo differentiates through an aggressive price-to-performance ratio, particularly in the resin (MSLA) market where it holds the #1 global market share by volume. It leverages a vertically integrated Shenzhen supply chain to offer industrial-grade precision (e.g., 12K/14K resolution) and high-speed multi-color printing at consumer price points, often undercutting premium rivals like Bambu Lab by 20-30%.

Market & Competition

Target Customers

Makers, hobbyists, STEM educators, students, and professional designers requiring affordable rapid prototyping tools.

Industry Verticals

["STEM Education","Consumer Manufacturing","Tabletop Gaming & Modeling","Industrial Design & Prototyping","DIY Electronics"]

Competitors

Anycubic; Creality; Bambu Lab

Growth & Milestones

Growth Metrics

Achieved annual revenue of approximately 1.6 Billion RMB (~$220M USD) in 2024; maintains double-digit year-on-year growth with over 1 million units sold annually.

Major Milestones

2015: Founded with Arduino STEM kits; 2018: Became #1 Arduino kit seller on Amazon; 2019: Launched Mars resin MSLA printer; 2021: Revenue surpassed ¥500M RMB; 2023: Revenue exceeded ¥1.2B RMB; 2024: Revenue reached ¥1.6B RMB (~$220M USD); 2025: DJI strategic investment; 2025: Won iF Design Award for Centauri Carbon

Notable Customers

STEM Educational Institutions; Tabletop Gaming Community; Prototyping Labs; Hobbyist Maker Community

https://www.elegoo.com