How much funding has Snapmaker raised?

Snapmaker has raised $115M in total funding. Key investors include Hillhouse Capital (高瓴创投), Meituan (美团), Shunwei Capital (顺为资本), Meituan Longzhu (美团龙珠), Cowin Capital (同创伟业), Orient Securities Capital (东证资本), Nanshan Zhanxin Investment (南山战新投), Matrix Partners China (经纬中国).

Who is the CEO of Snapmaker?

Daniel Chen is the CEO of Snapmaker. The company was founded in 2016.

Where is Snapmaker located?

Snapmaker is headquartered in Shenzhen, China.

What funding stage is Snapmaker at?

Snapmaker is currently at the Active stage.

How many employees does Snapmaker have?

Snapmaker has approximately 201-500 employees.

Snapmaker

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

HardwareShenzhen, ChinaFounded 2016· One of 1685 Hardware companies tracked by AMPulse

A leading desktop 3D printer manufacturer specializing in modular multi-function devices that combine 3D printing, laser engraving, and CNC carving capabilities, with breakthrough multi-color multi-material printing technology.

CEO / Founder: Daniel Chen
Team Size: 201-500
Stage: Active
Total Funding: $115M
Latest Round: Series B
Key Investors: Hillhouse Capital (高瓴创投), Meituan (美团), Shunwei Capital (顺为资本), Meituan Longzhu (美团龙珠), Cowin Capital (同创伟业), Orient Securities Capital (东证资本), Nanshan Zhanxin Investment (南山战新投), Matrix Partners China (经纬中国)

Technology & Products

Key Products

Snapmaker 2.0 (3-in-1 3D printer, laser engraver, CNC carver), Snapmaker Artisan, Snapmaker U1 (4-head tool-changer FDM printer)

Technological Advantage

Technical advantages include: (1) CoreXY motion system achieving 500mm/s speed with 20,000mm/s² acceleration; (2) Proprietary SnapSwap™ system enabling 5-second toolhead changes vs. 2+ minutes for traditional systems; (3) 80% reduction in filament waste through elimination of purge requirements; (4) Modular architecture allowing users to expand from 3D printing to laser engraving and CNC carving; (5) Self-built 10,000+ sqm factory with custom CNC machinery ensuring quality control; (6) Strong engineering capabilities in precision mechanical quick-change systems and multi-head dynamic calibration. Business advantages: Three record-breaking Kickstarter campaigns ($2.27M in 2017, $8.5M in 2019, $20.61M+ in 2025), 60,000+ units shipped to 120+ countries, backing from top-tier investors (Hillhouse Capital, Meituan, Shunwei Capital).

Differentiation

Value Proposition

Delivers professional-grade, versatile desktop fabrication through modular 3-in-1 design (3D printing + laser + CNC) and revolutionary SnapSwap™ multi-head technology that enables 5x faster multi-color printing with 80% less material waste, eliminating the traditional trade-offs between speed, quality, and material versatility.

How They Differentiate

Snapmaker differentiates through modular 3-in-1 design (3D printing + laser engraving + CNC carving) and revolutionary SnapSwap™ multi-head technology featuring 4 independent extruders with 5-second tool changes, achieving 5x faster multi-color printing with 80% less filament waste compared to competitors' single-nozzle designs. Unlike competitors focused solely on 3D printing, Snapmaker offers versatile desktop fabrication solutions.

Market & Competition

Target Customers

Individual makers, DIY enthusiasts, designers, educators (STEAM), students, prototyping professionals, small businesses, and creative hobbyists seeking versatile desktop manufacturing solutions

Industry Verticals

["Desktop 3D Printing & Additive Manufacturing","Consumer Electronics Hardware","STEAM Education & Maker Movement","Rapid Prototyping & Product Design","Small-scale Manufacturing & Fabrication","Creative Arts & DIY Crafts"]

Competitors

Bambu Lab (拓竹科技); Creality (创想三维); Prusa Research

Growth & Milestones

Growth Metrics

Three record-breaking Kickstarter campaigns totaling $31.4M+ (2017: $2.3M, 2019: $7.9M, 2025: $20.6M). 60,000+ units shipped to 120+ countries. 67% YoY order growth (2020). Team grew from 4 to 200-500 employees.

Major Milestones

["Founded in June 2016 with 300,000 RMB startup capital","First Kickstarter campaign (2017): $2.27M for Snapmaker Original","Snapmaker 2.0 campaign (2019): $7.85M raised","Series A funding (February 2021): Led by Matrix Partners China","Snapmaker U1 Kickstarter (2025): $20.61M - highest-funded 3D printing project in Kickstarter history","Series B funding (December 2025): Hundreds of millions RMB co-led by Hillhouse Capital and Meituan","60,000+ units shipped globally to 120+ countries"]

Notable Customers

20,680+ Kickstarter backers for U1 campaign; Global maker community across 120+ countries; STEAM education institutions; Product design professionals; Small-scale manufacturing businesses

https://snapmaker.cn/