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11 May Polymaker Receives $3M Round-A Funding
May 11, 2015 – Polymaker, a company that develops new materials for 3D printing, has announced the close of its Round-A funding of 3 million USD. The investment was led by Legend Star, a VC subsidiary of Legend Holdings (the owner of the famous computer brand Lenovo), and joined by ShareLink Capital and Zhilang Investment Management (Suzhou) Co. Ltd., two other VC firms based in China. The investment will be used to support Polymaker’s development of next-generation products, ramp up the manufacturing capacity, and to build global distribution networks.
Founded in 2012, Polymaker is dedicated to developing innovative and high-quality materials for 3D printing. In 2014, the company introduced 3 entirely new 3D printing materials (PolyMax™ PLA, PolyFlex™ and PolyWood™) via a successful KickStarter campaign, which to date still remains to be the most funded crowd-funding campaign on 3D printing materials.
“Our core mission is to make 3D printing more useful and accessible for everyone”, says Dr. Xiaofan Luo, Polymaker’s co-founder and CEO, “this investment came just in time for us to further realise that mission.”
Polymaker seen rapid growth since their successful KickStarter campaign. Their products have received overwhelmingly positive reviews from customers all over the world. They have built state-of-the-art R&D and manufacturing capabilities, within in their brand new, 1,800 square meter facility located in Suzhou, China. Additionally the company have recently launched a re-branding campaign and a completely redesigned website www.polymaker.com for their online sales. Polymaker have also expanding their global operations, with new offices and warehouses in the USA, Europe and Japan.
“Investing in local operations allows us to be closer to our customers, so we can provide better product delivery and customer service.” Added Mr. Hang Qu, Polymaker’s co-founder and VP of Sales
“We are very excited to partner with Polymaker”, says Mr. Gang Lu, Vice President and Managing Director of Legend Star, “Legend Star is very interested in 3D printing. We believe Polymaker, with its unique technologies and a strong culture in innovation, has the potential to really bring personal 3D printing to the next new level.”
The company promises several new products to be launched in 2015 which they state will greatly change the way people 3D print and how 3D printing can be used
About Legend Star
Legend Star is a major ventual capital and angel investment firm in China. By providing startup companies with angel investments, free startup mentorship (including the well known Legend Star Entrepreneur/CEO Training Program), and other value-added services, Legend Star aims at building great companies together with startup entrepreneurs. Legend Star manages an investment fund totaling 1 billion CNY, with over 100 invested companies. Its Entreprenuer/CEO Training Program has trained over 500 startup CEOs. Many Legend Star invested companies have gone on IPOs and are traded on major stock exchanges.
Polymaker is a company committed to innovation, quality and sustainability, in the pursuit of producing high-quality materials for the 3D printing industry. Headquartered in Shanghai, China, Polymaker now has global offices in the USA, Netherlands and Japan. With their a state-of-the-art manufacturing centre and market leading quality control process, Polymaker’s filaments are not only ensured to have the best quality standards but also provide innovative properties. Whether it is with their increased mechanical strength, unparalleled Jam-Free™ printing or world’s first, 3D printable foam based filament, Polymaker will continue to bring new performance enhanced materials to the 3D printing community.