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Desktop 3D-printer startup Baishida secures angel-plus funding
Devices1 min read
Baishida, a Chinese startup that makes desktop 3D printers, has raised a new round of early-stage funding. The amount was not shared.
A new funding round
Baishida, a 3D-printer startup based in Ningbo, China, finished an angel-plus round. Only Still Water Lake Venture Partners invested. The company will use the money for making products, research and development, hiring new staff, and day-to-day running costs. This round came after an earlier angel round led only by GL Ventures.
What makes its printers different
Baishida builds printers for both home users and professionals. Its printers use a method called Layered Membrane Stereolithography. In simple terms, the printer uses a laser to trace each layer of a shape in liquid resin, and a thin membrane helps move that resin into place. The method can work with thick, sticky resins, so it can make objects with a wider range of materials.
Key facts
- The funding amount was not disclosed.
- The latest round had one investor: Still Water Lake Venture Partners.
- The earlier angel round had one investor: GL Ventures.
- Baishida is based in Ningbo, China.
- Its first product is being prepared for sale.
Why it matters
Desktop 3D printers let people make small objects at home or in a small office. A startup with a new printing method and a team that includes people from Lenovo's printer business could offer a different option in this market. The story shows that investors still see room for new ideas in desktop 3D printing.
What to watch
- When Baishida releases its first product for sale.
- How the new printing method performs for buyers.
- Whether the company shares how much money it raised.
Glossary
- Layered Membrane Stereolithography
- A 3D-printing method that uses a laser and a thin membrane to build objects layer by layer from liquid resin.
- Still Water Lake Venture Partners
- A venture capital firm, an investor that puts money into young companies in exchange for a share of ownership.
- GL Ventures
- A venture capital firm that invested in Baishida's earlier angel round.