ELEGOO, the Shenzhen-based consumer 3D printing company, has raised over 500 million yuan (approximately US $70 million) in a Series B+ funding round. The ELEGOO funding round, announced on April 20, 2026, was led by Meituan’s DragonBall Capital, with co-investment from Shenzhen Capital Group (SCGC), Hillhouse Investment, Yintai Group, and Shenzhen HTI Group, among others.
The raise follows a Series B round of similar scale completed in November 2025 with participation from drone manufacturer DJI. Together, the two rounds represent a significant capital infusion for the company in less than six months, signalling an accelerated push to close the gap with market leaders in the consumer 3D printing segment.
ELEGOO Funding Draws Strategic Investors
The latest ELEGOO funding round introduces Meituan, the Chinese technology and delivery services conglomerate, as a new strategic investor in the consumer 3D printing space. According to Zhinengpai Technology — the parent company behind the ELEGOO brand — proceeds from the round are earmarked for five areas: recruiting senior talent, deepening R&D into core 3D printing technologies, expanding global market presence, upgrading production capacity and supply chain infrastructure, and accelerating the ELEGOO brand’s international rollout.
The involvement of DJI in the previous round was driven by a specific strategic need. Co-founder Chen Bo told 36Kr that ELEGOO’s primary weakness lay in software — encompassing both firmware and slicer applications, as well as ecosystem software such as model libraries and mobile apps. Chen identified Bambu Lab as the clear leader in this area, noting that the competitor’s software capabilities constitute a significant competitive moat.
“Our weakness right now is software… What software really solves is stability and consistency. Before Bambu Lab came along, most of the industry’s software was only at the level of ‘just usable.'”
— Chen Bo, Co-founder, Zhinengpai Technology (ELEGOO)
Closing the Software Gap
The urgency behind the ELEGOO funding rounds stems from a candid internal assessment. In late 2024, a new FDM product developed by ELEGOO failed to meet market expectations, and internal timelines slipped. Chen Bo attributed the setback to limitations in the founding team’s management capabilities and stated openly that if the company could not deliver results, a professional manager should take over.
This self-assessment led the founders to approach DJI directly. Chen noted that core engineering teams behind brands like Bambu Lab had largely emerged from DJI, making the drone company a natural partner for acquiring the product development methodology and software discipline that ELEGOO lacked. The company is now applying DJI’s engineering frameworks to its own R&D processes.
Despite its current position as the global leader in consumer LCD resin 3D printer shipments, ELEGOO is pivoting towards FDM technology. Resin printers face adoption barriers in the home sector due to odour and complex post-processing requirements, while FDM devices hold broader consumer appeal. ELEGOO’s Centauri Carbon series, including the recently launched Centauri Carbon 2 Combo multi-colour 3D printer, represents the company’s flagship entry into this segment.
Revenue Growth and Competitive Positioning
ELEGOO reported revenue of over 2.3 billion yuan (approximately US $337 million) in 2025, representing growth of more than 30% over the previous year. Revenue in 2024 stood at 1.6 billion yuan (approximately US $234 million). The company has set a target of 3.5 to 4 billion yuan for 2026. Over 90% of its revenue is generated from overseas markets spanning more than 150 countries, with cumulative global shipments exceeding two million units.
Founded in 2015 by Chris Hong and Chen Bo, Zhinengpai began as a cross-border e-commerce business sourcing electronic components from Huaqiangbei to assemble STEM education kits. The company entered the 3D printing market in 2018 with the Mars resin printer and has since grown into one of the four largest suppliers in the entry-level 3D printer segment. Alongside Bambu Lab, Creality, and Anycubic, ELEGOO forms part of a group of Chinese brands that collectively account for roughly 90% of the global consumer 3D printing market.
Outlook for ELEGOO’s Growth
The scale and pace of ELEGOO funding over the past six months underscore the intensity of competition in consumer 3D printing. With capital now secured from both DJI and Meituan, the company has the financial resources and strategic partnerships to invest in the software and engineering capabilities it has publicly identified as its weakest points. Whether that investment translates into products that can match the ecosystem depth of competitors like Bambu Lab will determine ELEGOO’s trajectory in 2026 and beyond.
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