Snapmaker successfully completed a Series B funding round, securing billions of yuan to enhance its technology development and expand its consumer-grade 3D printing ecosystem.

Information on the Target

Snapmaker, a leading player in the consumer-grade 3D printing industry, has successfully secured billions of yuan in Series B funding, announced on December 10, 2025. The funding round was co-led by Hillhouse Capital and Meituan, with continued investments from existing shareholders, including the Chuangyi Ventures and Dongzheng Capital. Established in 2016, Snapmaker's mission is to enable everyone to create freely in the physical world, significantly contributing to the evolution of consumer-grade 3D printing.

The company has consistently set crowdfunding records globally, with its flagship Snapmaker 2.0 achieving over 54 million RMB (approximately $8 million) in 2019, making it the highest crowdfunded technology project at the time. The U1 3D printer, launched in 2025, broke previous records by raising over 150 million RMB (around $20 million), validating the strong market demand for efficient multi-color printing solutions.

Industry Overview in the Target’s Specific Country

China's 3D printing market has shown remarkable growth, fueled by advancements in technology and increasing applications across various sectors. The industry is expected to reach significant milestones in the coming years, owing to ongoing