Lotmaxx, a consumer-grade 3D printer company, announced recently its completion of a pre-A round of financing worth tens of millions of yuan, led by GeniLink Capital. Previous investors including Shunwei Capital and Xiaomi continued to join in this financing round.
The new funds will be mainly used for new product R&D and supply chain improvement, so as to expand sales scale and brand building.
Lotmaxx, which was established in September 2021, has now completed two rounds of financing in less than one year. The firm has two product lines: FDM 3D printers and photo-curing 3D printers, which are based on serving the inspiration and creativity of 3D printing enthusiasts around the world. 3D printing is the construction of a three-dimensional object from a CAD model or a digital 3D model.
FDM printers mainly use PLA as the main material, while photo-curing printers use photosensitive resin. Lotmaxx promotes the two business lines at the same time to meet the different preferences of consumer groups for the two models.
Lotmaxx has carried out independent R&D of mainboards, software, materials and so on. In addition, its products have been upgraded from printing accuracy, printing speed, mechanical structure and software. Dozens of product patents and intellectual property rights, including AI algorithms, hardware, materials and structure, have been obtained by the company.