Thursday, June 20, 2013

Foundry Group Scores Win At MakerBot

The acquisition yesterday of 3D printer maker MakerBot had a big local beneficiary: Boulder venture investor Foundry Group, one of Makerbot's investors. MakerBot was acquired for $403M in stock plus up to $201M in earnout by Stratasys, a huge gain on the mere $10M invested by Foundry Group, True Ventures, Bezos Expeditions, True Ventures, and RRE Ventures. Stratasys also makes 3D printers, but at a much higher price point and for the industrial market. MakerBot's focus had been on hobbyists and tinkerers.