New Matter Closes $6.5M Series A Funding Round

New Matter LogoNew Matter, a Pasadena, CA-based developer of consumer 3D printing solutions, closed its $6.5m Series A funding round.

The round was led by Alsop Louie Partners with participation from Arden Road Investments, Biotechonomy, Dolby Family Ventures, First Round Capital, Idealab and frogVentures.

The company will use the capital to accelerate product development efforts of the MOD-t (for commercial availability later in 2015) and New Matter Store.

Founded in 2014 by Steve Schell, CEO, New Matter aims to bring affordable 3D printing into every home and school via the MOD-t 3D printer, initially funded through the Indiegogo crowdfunding platform, raising more than $680,000 and pre-selling over 2,600 units, and the New Matter Store, a 3D design marketplace optimized for and fully integrated with the printer, offering hundreds of curated designs from today’s most influential 3D design artists.



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