Snapmaker has completed a major Series B financing round backed by Hillhouse Ventures, Meituan, and Shunwei Capital (co-founded by Xiaomi’s Lei Jun). This marks a significant moment in the consumer 3D-printing landscape, especially following DJI’s recent investment into Elegoo. Snapmaker positions this round as a catalyst for expanding its R&D, global hiring, and ecosystem development.
Embargoed News – Published with permission | December 10, 2025
Strong Investor Backing
The Series B round raised tens of millions of USD and was co-led by Hillhouse Ventures and Meituan, with participation from: Shunwei Capital (Lei Jun, founder of Xiaomi), Longzhu Capital (Meituan), Nanshan Innovation Investment, Cowin Capital, Orient Securities Capital.
Snapmaker states this capital will support R&D acceleration, recruitment for key engineering and AI roles, and the expansion of a content-driven ecosystem.
From 3-in-1 Machines to Multicolor 3D Printing
Snapmaker’s crowdfunding track record continues to stand out in the maker community. Their 2019 Snapmaker 2.0 became one of the most successful technology crowdfunding campaigns, raising over $7.85M and establishing the 3-in-1 multifunction category.
Read more about Snapmaker 2 A350T and Artisan in highly detailed hands-on review articles.
©3DWithUs – Print and Photo: Max Funkner
In 2025, the company reached another milestone: the Snapmaker U1 raised more than $20 million with support from over 20,000 backers, making it the highest-funded 3D-printing project in crowdfunding history.
Read more: Snapmaker U1: Fast Toolchanging 3D Printer
SnapSwap™ Tool-Changing and the Push Toward Multicolor
One of Snapmaker’s most significant engineering breakthroughs is the SnapSwap™ four-head parallel tool-changing system used in the U1. Developed after reviewing thousands of user feedback submissions, this solution addresses common challenges with traditional multicolor printing, including inefficiency and excessive material waste.
Snapmaker system delivers:
- Up to 5× faster printing
- Up to 5× less material waste
- Improved stability and productivity
- New possibilities for multicolor flexible filament applications
All U1 crowdfunding units have now shipped, and global retail availability is expected in Q1 2026.
What This Means for the Consumer Market
This funding round signals growing investor confidence in consumer-grade 3D printing, especially in high-speed and multicolor technologies. With DJI investing in Elegoo, Shunwei Capital backing Snapmaker, and Bambu Lab emerging as a major force founded by former DJI engineers, it’s clear that large technology groups and talent pools see desktop fabrication as a strategic sector for the next decade.
For users, the expansion of multicolor-capable machines, AI-assisted software, and stronger ecosystems will likely push the whole consumer market forward.
Financing to Accelerate Talent Acquisition and Ecosystem Development
‘This financing round is not only a valuable supplement of capital, but also a pivotal moment in Snapmaker’s evolution from product leadership to a fully developed ecosystem,’ said Snapmaker founder Daniel Chen.
‘We will focus on three key areas: First, accelerating core technology R&D to address user pain points in multicolor printing, high-speed fabrication, and more; Second, expanding our global talent network, especially recruiting top talent in hardware R&D, AI software, and content ecosystem development; Third, building a comprehensive ecosystem by collaborating with creators, developers, and supply-chain partners to lower the barriers to creation and make 3D printing a universal tool accessible to everyone.’
Final Thoughts
For the industry, Snapmaker’s Series B marks another strong validation of consumer 3D printing as a serious investment category. For users, the continued push toward multicolor, high-speed, and AI-powered workflows promises an increasingly capable generation of desktop tools.
We will closely follow Snapmaker’s progress as the U1 enters global retail and the company expands its engineering and software teams in 2026.
