China’s 3D printing startup LuxCreo raises $30m led by Kleiner Perkins

Photo: ZMorph Multitool 3D Printer/Unsplash

China’s 3D printing manufacturer LuxCreo has raised $30 million in Series B funding round led by Kleiner Perkins and joined by Shunwei Capital and Northern Light Venture Capital, according to a statement on Shunwei Capital’s Linkedin page.

Founded in 2016, LuxCreo is dedicated to large-scale 3D-printing manufacturing, covering software, hardware and materials.  The company had raised its series pre-A financing in July 2018 which was also led by Shunwei Capital.

LuxCreo’s patented LEAP (light enabled additive production) technology enables printing speeds 100x faster than traditional 3D printers with material properties exceeding that of traditional mass manufacturing.

Founded in 2011 by Lei Jun, founder of Chinese smartphone maker Xiaomi Inc., and veteran investment manager Tuck Lye Koh, Shunwei Capital is a venture capital fund that focuses on early to mid-stage investments in the local internet industry. It specialises in incubation, startups, early to mid-stage, and growth capital investments.

It seeks to invest in the technology, media, telecom, high technology, new media, games, internet finance, and rural area internet sectors. Their investors include sovereign wealth funds, fund of funds, university endowment funds, and family offices.

Last year, Chinese venture capital firm Shunwei Capital closed a total of $1.21 billion for new funds.

Kleiner Perkins, a Silicon Valley-based VC, is an early investors in prominent companies including Amazon, AOL, Compaq, Electronic Arts, Google, Intuit, Macromedia, Netscape, Segway, and Sun Microsystems.

Meanwhile, Northern Light Venture Capital is a Chinese company that provides early- and growth-stage funding to tech and consumer service companies.

 

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.