Glowforge 3D laser printer breaks 30-day crowdfunding record after $27.9M in sales

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GeekWire by Taylor Soper | October 26, 2015

glowforge crowdfunding

Glowforge's 3D laser printer

It seems there is demand for Glowforge’s 3D laser printer.

The new Seattle startup wrapped up its 30-day crowdfunding campaign this past Friday and set a new funding record in the process, generating $27.9 million in sales. The previous record was held by Pebble Time, which raised $20,338,986 on Kickstarter in one month.

Glowforge’s printer lets people use raw materials like leather, paper, plastic, fabric, or cardboard and make products with a push of a button. It retails for $3,995, but Glowforge sold the printer for $1,995 during its crowdfunding campaign.

Glowforge CEO Dan Shapiro told GeekWire last month that he was expecting $1 million to $2 million in sales over the month-long campaign. Instead, his new company reached that goal in less than 24 hours.

View: New UK Crowdfunding Record Set with BrewDog Equity + Beer = “World’s Biggest Round”

Glowforge only needed to raise $100,000 to place its factory order, but clearly exceeded that goal, selling the printer to customers from more than 70 countries. Shapiro said he saw orders for the device “every minute.”

“We hoped that our vision of a simple device that could print anything from furniture to handbags to sushi would get people excited,” he said in a statement on Friday. “We had no idea people would be this excited. Now, with the campaign just about over, the only thing that matters to us is delighting our customers with a product that’s even better than they were expecting, as quickly as we can.”

The device itself is different from most other 3D printers because instead of making objects out of plastic strands, Glowforge uses a laser to quickly cut and engrave products. Along with smartphone sensors built into the printer, the lasers allow the Wi-Fi-connected device to cut and engrave materials that are curved, uneven, or irregular. Glowforge’s dual cameras also measure the thickness of material to a precision of four one thousandths of an inch.

Related: Canadian crowdfunding record set by compact speaker system

Glowforge was founded last year by Shapiro, the brains behind the hit kids board game Robot Turtles — one of Kickstarter’s most successful campaigns ever — and fellow Seattle area startup veterans Tony Wright and Mark Gosselin. The company employs 14 people and will ship the Glowforge to customers who pre-ordered starting in the first half of 2016.

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The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both social and investment crowdfunding stakeholders across the country.  NCFA Canada provides education, research, leadership, support and networking opportunities to over 1100+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding industry in Canada.  Learn more About Us or visit www.ncfacanada.org.

 

 

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