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Venture Capital News: Glowforge Raises $20M Series E Financing

2023-05-18
SEATTLE, WA, Glowforge, creator of the award-winning 3D laser printer, announced it has raised an additional $20 million in Series E funds, bringing its total financing to $135 million.
Returning investors DFJ Growth and Foundry Group co-led the round, which saw additional funding from Revolution Growth and True Ventures, also returning investors. Glowforge will use the funding to accelerate innovation and expand product offerings and services.

Glowforge is the creator of the award-winning 3D laser printer that cuts, engraves, and scores hundreds of materials so you can make magical things. It was founded in 2015 by Chief Executive Officer, Dan Shapiro, and Chief Technology Officer, Mark Gosselin, and launched with the world's largest crowdfunding campaign raising more than $27 million in pre-orders in 30 days. The company has since secured more than $135 million in funding from some of Silicon Valley's most prominent investors including DFJ Growth and Revolution Growth. Unlike 3D printers that use additive technology to build objects out of plastic, Glowforge uses subtractive technology to cut and engrave products from durable and beautiful materials like wood, leather, acrylic, paper, fabric - even chocolate. A sleek and efficient design makes this industrial-grade technology beautiful and affordable, while its cloud-based app makes it easy to create magical things at the touch of a button. Glowforge is used by more than 100,000 creators and can be found in more than 4,000 schools in the U.S.
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