TechShop Seeks $60M
TechShop, a Menlo Park, Calif., membership-based, do-it-yourself workshop and fabrication studio, aims to raise $60m from individual and corporate investors.
The company intends to use the funds to build new facilities in: Chandler, Ariz.; Los Angeles, Calif.; Menlo Park, Calif.; Chicago, Ill.; Cedar Valley, Iowa; Boston, Mass.; Baltimore, Md.; Grand Rapids, Mich.; St. Louis, Mo.; New York, N.Y.; Portland, Ore.; Pittsburgh, Pa.; Seattle, Wash. and Washington, D.C. (Arlington, Va.).
Founded in October 2006 and led by Mark Hatch, CEO, TechShop is a membership-based, do-it-yourself (DIY) workshop and fabrication studio providing access to a community of creative people and high quality machines, tools and software. It also offers classes, workshops, instruction and meet-ups for people of all ages and skill levels.
TechShop has facilities in Menlo Park, San Francisco and San Jose, Calif.