Glowforge Revenue, Valuation, Funding & Investors

Glowforge is valued at $208M as of April 2018, a 3.0x multiple on its last reported $70M revenue.

Last Glowforge valuation

$208M

Series B · Apr 2018

Last Glowforge funding round

$20M

Series E · May 2023

Glowforge revenue

$70M

Series B · Apr 2018

Key investors in Glowforge

  • True Ventures
  • Foundry Group
  • DFJ Growth
  • Revolution Growth
  • Vault Capital
  • Tom Williams

Glowforge Overview

About Glowforge

Glowforge is a seattle-based manufacturer of 3D laser printers capable of cutting, engraving, and shaping designs from a wide range of materials. The company's printers use integrated software and sensors to print on materials including wood, leather, acrylic, fabric, and more. Designed to enable users to print and decorate any compatible materials.


Founded

2014

HQ

United StatesSeattle, WA

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Revenue

$70M (Apr 2018)

Valuation

$208M (Apr 2018)

Glowforge Valuation

Glowforge is currently valued at $208M, based on its Series B in April 2018.

The $10M round was led by Foundry Group and True Ventures.

Glowforge's valuation has moved from $208M at its Series B in August 2016 to $208M in April 2018, across 2 priced rounds.

Glowforge valuation by funding round

Revenue multiple
Glowforge valuation by funding round
DateStageValuationRevenue Multiple
Apr 2018Series B$208M3.0x
Aug 2016Series B$208M-

Glowforge Revenue

Glowforge's latest recorded revenue is $70M, as of its Series B in April 2018. At a $208M valuation, that implies a 3.0x revenue multiple.

Glowforge revenue by funding round

Glowforge revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Apr 2018$70M$208M3.0xSeries B

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Glowforge Funding History

Glowforge has raised a total of $133M across 7 funding rounds.

Glowforge's first fundraising round was a $1M seed round in February 2015. The most recent completed round was a $20M Series E in May 2023.

Glowforge funding rounds

Glowforge funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2023Series EDFJ Growth (lead); Foundry Group (lead); Revolution Growth; True Ventures$20M-Glowforge is a Seattle-based company founded in 2015 that manufactures wireless desktop 3D laser printers using subtractive technology to cut and engrave materials like wood, leather, acrylic, and fabric, targeting crafters, makers, designers, artists, and businesses. The company launched with a record-breaking crowdfunding campaign raising over $27 million in pre-orders in 30 days and has grown to serve hundreds of thousands of users printing millions of creations monthly in homes, classrooms, workshops, and offices. During the COVID-19 pandemic, Glowforge produced 2.5 million ear savers for healthcare workers. On May 17, 2023, Glowforge raised $20 million in a Series E-II extension round with participation from DFJ Growth Fund, Foundry Group, Revolution Growth, and True Ventures, following a $43 million Series E round on June 22, 2022 led by DFJ Growth with the same co-investors. The 2022 round had a post-money valuation of $420.89 million. Total funding raised across eight rounds reached $105.27 million by May 2023. Existing investors continued support to fund expansion. The $20 million raise coincided with the release of new AI image features for Glowforge's software, aimed at growing its subscription business and adding product features amid competition from rivals like xTool offering advanced hardware capabilities such as larger working areas and better cameras. Glowforge plans to invest in research and development, user base expansion, and enhancing its line of printers for classrooms, studios, offices, and homes.
Jun 2022Series EDFJ Growth (lead); Revolution Growth; Foundry Group; True Ventures$43M-Glowforge, a Seattle-based company founded in 2015 by Dan Shapiro and Mark Gosselin, manufactures user-friendly 3D laser printers that use subtractive technology to cut and engrave materials like wood, leather, acrylic, paper, fabric, and even chocolate. The printers are positioned for crafters, makers, hobbyists, schools, and businesses, enabling quick transformation of digital designs into physical objects via Wi-Fi connectivity and web browser control, with setup in under 30 minutes. The Glowforge Pro model, priced at $7,000, functions as a streamlined CNC machine with real-time camera monitoring. On June 22, 2022, Glowforge raised $43 million in a Series E funding round led by DFJ Growth, with participation from existing investors Foundry Group, True Ventures, and Revolution Growth. This brought the company's total funding to approximately $113.2 million across multiple rounds, including a record-breaking $27-28 million crowdfunding campaign in 2015. The funds are allocated to accelerate research and development, product commercialization, and expansion of the user base, which includes hundreds of thousands of users printing millions of creations monthly. Glowforge has established a niche in the creative hardware market, differentiating from traditional 3D printers by focusing on accessible laser cutting and engraving. During the COVID-19 pandemic, the company produced 2.5 million ear savers for healthcare workers. Product lineup includes variations with different power outputs and cutting speeds, plus accessories like the Glowforge Air Filter. Investors highlight its role in democratizing professional creative tools for homes, classrooms, studios, and offices. A subsequent Series E - II round of $20 million occurred on May 17, 2023.
Apr 2018Series BFoundry Group (lead); True Ventures (lead)$10M$208MGlowforge develops a desktop 3D laser printer and cutter for engraving and cutting materials like leather, wood, acrylic, and glass, targeting makers for home or office use. The Basic model priced at $2,495, Plus at $3,995, and Pro at $5,995, following a record-setting $27.9 million crowdfunding campaign in 2015 that generated nearly $30 million in pre-sales. In April 2018, Glowforge raised $10 million from existing investors Foundry Group and True Ventures, bringing total funding past $40 million and reaching over $60 million including crowdfunding. This extension round followed a $22 million Series B in August 2016 led by the same investors, with Forge Global listing the Series B at $36 million valuation of $207.58 million. Glowforge marked the funding with the official public sales launch, guaranteeing 10-day U.S. delivery after years of delays fulfilling crowdfunding orders. The company announced $70 million in total sales by January 2018 and grew to 76 employees by April.
Aug 2016Series BFoundry Group (lead); True Ventures (lead)$22M$208MGlowforge, a Seattle-based startup founded in 2014 by Dan Shapiro, Tony Wright, and Mark Gosselin, develops desktop 3D laser printers, cutters, and engravers aimed at home and office users, featuring integrated software, a catalog of printable designs, and proprietary Proofgrade materials for easy use. The company previously achieved a crowdfunding record by raising $27.9 million in pre-sales on its own site and secured $9 million in seed and Series A funding led by Foundry Group and True Ventures in May 2015. In August 2016, Glowforge announced a $22 million Series B round from returning investors Foundry Group and True Ventures, bringing total funding to $31 million and enabling scaling of production amid delays in initial shipments pushed to December 2016, with over 10,000 pre-orders. The Series B funding supported mass production of Glowforge devices, launch of Proofgrade materials line, and expansion of its design catalog, positioning the company to compete in the personal fabrication market against 3D printers and laser cutters from firms like Epilog Laser and FSLaser, as well as earlier 3D printing successes like MakerBot, which Foundry Group had backed. At the time, Glowforge employed around 33-35 people. Foundry Group and True Ventures, long-time co-investors, highlighted the product's hardware, software, and materials as key strengths, with Foundry proactively leading the round to accelerate progress without prolonged negotiations.
Oct 2015Pre-seed-$28M-Glowforge is a Seattle-based 3D laser printer startup founded in late 2014 by Dan Shapiro, with co-founders Tony Wright and Mark Gosselin. The company designs desktop laser-cutting and engraving systems targeting individual consumers, small businesses, and educational institutions. Its flagship product, the Glowforge Pro, was positioned as a consumer-grade CNC machine priced at $7,000, featuring Wi-Fi connectivity and real-time camera monitoring. In May 2015, Glowforge raised $9 million in Series A funding led by Foundry VC, with participation from MakerBot founders Bre Pettis and Jenny Lawton, and True Ventures. The company's breakthrough came through a 30-day crowdfunding campaign that ran in summer 2015 (ending in October), which generated $27.9 million in pre-orders—then the highest total for any fixed-length crowdfunding campaign. This exceptional demand demonstrated strong product-market fit and validated the consumer interest in desktop laser manufacturing. Following the crowdfunding success, Glowforge raised an additional $22 million Series B in August 2016 led by Foundry VC. By June 2022, the company had completed a $43 million Series E round, and by May 2023 had raised a cumulative $135 million. The company operates in the subtractive 3D printing market and has expanded beyond hobbyists into education and professional creative segments.
May 2015Series AFoundry Group (lead); True Ventures (lead); Vault Capital; Bre Pettis; Jennifer "Jenny" Lawton$9M-Glowforge raised a $9 million Series A round in May 2015 led by Foundry Group and True Ventures, with participation from Jennifer "Jenny" Lawton, Bre Pettis, and Vault Capital. The Seattle-based startup develops a 3D laser printer that uses lasers to cut and engrave materials like leather, paper, plastic, fabric, and cardboard, featuring Wi-Fi connectivity, dual cameras for material measurement, and smartphone sensors for handling uneven surfaces. This followed a $1.3 million seed round in February 2015 with investors including Vault Capital and others. Shortly after the Series A, in October 2015, Glowforge launched product crowdfunding that generated $27.9 million. Initial sales of the printer hit $1 million in 12 hours, selling 500 units at a promotional price of $1,995 (regular $3,995). Pre-orders reached $19-20 million within a month.
Feb 2015SeedTom Williams; Vault Capital; Heron Rock Fund; Adam Doppelt$1M--

Who has invested in Glowforge?

10 investors have backed Glowforge across its funding rounds, including True Ventures, Foundry Group, DFJ Growth, Revolution Growth, Vault Capital and Tom Williams.

Lead investors include DFJ Growth, Foundry Group and True Ventures.


Glowforge Investors

Investors in Glowforge by funding rounds participated
InvestorHQRoundsRoleFirst check
Foundry GroupUnited StatesBoulder, CO5LeadMay 2015
True VenturesUnited StatesSan Francisco, CA5LeadMay 2015
Revolution GrowthUnited StatesUnited States2ParticipantJun 2022
Vault CapitalUnited StatesSeattle, WA2ParticipantFeb 2015
DFJ GrowthUnited StatesSan Francisco, CA2LeadJun 2022
Tom WilliamsUnited StatesSan Francisco, CA1ParticipantFeb 2015
Heron Rock FundCanadaOttawa1ParticipantFeb 2015
Bre PettisUnited StatesNew York City, NY1ParticipantMay 2015

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Glowforge Competitors

Glowforge competitors include listed companies like Infinitt Healthcare and Titomic, and private ones like 3D VIRTUAL TECHNOLOGIES, LLC, AMT, ARRIS and Freeform.

Public and private companies comparable to Glowforge
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
3D VIRTUAL TECHNOLOGIES, LLCUnited StatesUnited StatesPrivate--$215M-
AMTChinaBeijingPrivate--$218M-
ARRISUnited StatesSan Francisco, CAPrivate--$187M-
Infinitt HealthcareSouth KoreaSouth KoreaPublicly listed$75M$27M$238M-
FreeformUnited StatesLos Angeles, CAPrivate--$179M-
TitomicUnited StatesUnited StatesPublicly listed$6M($14M)$159M15.3x

Glowforge Public Comps

Glowforge is still privately-owned, but its public comps include Infinitt Healthcare, Norsk Titanium, Titomic, Xaar, 6K Additive, Graphy, Nano Dimension, Solrom Holdings, Velo3D and AML3D.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Infinitt Healthcare$75M$27M1.1x-3.2x-
Norsk Titanium$3M($54M)43.8x22.9x(2.8x)(5.9x)
Titomic$6M($14M)27.9x15.3x(11.7x)(12.8x)
Xaar$81M$1M1.8x1.6x135.3x25.6x
6K Additive$18M($13M)6.6x4.9x(9.1x)(11.4x)
Graphy$15M($7M)9.6x6.5x(19.6x)(48.1x)
Nano Dimension$102M($122M)----
Solrom Holdings$33M$11M3.0x-8.8x-

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Common questions about Glowforge

When was Glowforge founded?Glowforge was founded in 2014.
Where is Glowforge headquartered?Glowforge is headquartered in Seattle, WA, United States.
Is Glowforge publicly listed?No, Glowforge is a private, VC-backed company.
What is Glowforge's valuation?Glowforge was last valued at $208M in its Series B in April 2018.
How much funding has Glowforge raised?Glowforge has raised $133M across 7 funding rounds.
What was Glowforge's last funding round?Glowforge's last funding round was a $20M Series E in May 2023, led by DFJ Growth and Foundry Group.
Who are Glowforge's investors?Glowforge's investors include Foundry Group, True Ventures, Revolution Growth, Vault Capital, DFJ Growth, Tom Williams, Heron Rock Fund, Bre Pettis, Adam Doppelt and Jennifer "Jenny" Lawton.
What is Glowforge's revenue?Glowforge's latest recorded revenue is $70M (April 2018).
What is Glowforge's revenue multiple?Glowforge's latest valuation implies a 3.0x revenue multiple ($208M valuation on $70M of revenue).
Which companies are comparable to Glowforge?Companies comparable to Glowforge include 3D VIRTUAL TECHNOLOGIES, LLC, AMT, ARRIS, Infinitt Healthcare, Freeform and Titomic.

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