ELEGOO
A leading Chinese consumer-grade 3D printer manufacturer, operating under the ELEGOO brand, specializing in resin (LCD) and FDM 3D printers, laser engravers, and STEM kits.
- CEO / Founder
- 洪英盛 (Chris Hong)
- Team Size
- 1001-5000
- Stage
- Growth Stage
- Total Funding
- $100.0M
- Latest Round
- Series B
- Key Investors
- DJI (大疆创新); Meituan (美团); Hillhouse Investment (高瓴); Shenzhen Capital Group (深创投); Yintai Investment (银泰); Guoce (国策); Minghui Zhiyuan (明荟致远); Shenzhen High-Tech Investment (深高新投); Hejun Growth Capital (合钧成长投资)
Technology & Products
Key Products
Mars series (resin/LCD 3D printers), Saturn series (large-format resin), Jupiter series (professional resin), Neptune series (FDM 3D printers), Centauri Carbon series (enclosed FDM), OrangeStorm Giga (超大尺寸 FDM 800x800x1000mm), Mercury series (wash & cure stations), Phecda laser engraver, STEM electronics kits, ELEGOO resins & filaments, SatelLite slicing software, ELEGOO Slicer, Matrix App, Nexprint 3D model platform.
Technological Advantage
Deep supply chain integration in Shenzhen enabling cost leadership (products priced at 1/3 to 1/5 of comparable Western brands); strong R&D with 193 patents (43 invention, 47 utility, 103 design); proprietary slicing software (SatelLite, ElegooSlicer); AI camera monitoring; high-speed printing capabilities; large-format FDM capabilities with OrangeStorm Giga.
Differentiation
Value Proposition
High-quality, affordable consumer 3D printers that lower the barrier to entry for makers, educators, and creators worldwide, leveraging China's integrated supply chain for cost advantages.
How They Differentiate
Strongest position in resin/LCD 3D printing (global #1 in consumer LCD shipments) while rapidly expanding FDM; best cost-performance ratio; complete ecosystem play (hardware + software + materials + model platform); strategic backing from DJI provides technology and supply chain synergies.
Market & Competition
Target Customers
Consumer makers, hobbyists, educators, designers, dental professionals, and small-to-medium businesses seeking affordable desktop 3D printing solutions.
Industry Verticals
Consumer/Education, Dental/Medical, Jewelry/Design, Small-scale Manufacturing, Creative/Maker
Competitors
Bambu Lab (拓竹科技); Creality (创想三维); Anycubic (纵维立方)
Growth & Milestones
Growth Metrics
Revenue: 2017 - ¥1.2B; 2018 - ¥1.73B; 2019 - ¥3.03B; 2020 - ¥6.03B; 2021 - ¥7.2B; 2022 - ¥8B; 2023 - ¥12B; 2024 - ¥16B (~$220M); 2025 - ¥23-25B (~$320-350M). CAGR >40% over past 3 years. 1M+ printers sold. Products sold in 100+ countries.
Major Milestones
2015: Founded; 2018: Launched first 3D printer (Mars series); 2018: Certified National High-Tech Enterprise; 2019: Saturn pre-sale hit ¥10M in 1 minute; 2020: Became #1 LCD consumer 3D printer brand in China; 2021: Jupiter Kickstarter raised ¥30M+ (2nd highest global 3D printer crowdfunding); 2023: OrangeStorm Giga Kickstarter raised $3.5M; 2024: Revenue surpassed ¥16B; 2025: DJI strategic investment; 2025: Revenue surpassed ¥23B; 2026: B+ round led by Meituan for ~$70M.
Notable Customers
Louis Vuitton (French fashion house used OrangeStorm Giga printers for creative projects); dental clinics and labs using Mars/Saturn series for dental model printing.