ELEGOO Raises Tens of Millions of USD in B+ Round Backed by Meituan and DJI

Consumer 3D printer maker ELEGOO raised several hundred million RMB in a B+ round backed by Meituan, Shenzhen Capital Group, Hillhouse, and Yintai.

The funding follows an earlier strategic investment from DJI and gives the company more resources to scale.

ELEGOO plans to use the capital for hiring, core technology development, global expansion, and brand building.

The deal should help ELEGOO strengthen its position in consumer and resin 3D printing.