AstroPrint has raised $400,000 to date and opened a $2M round
Drew Taylor · Will This 43 Year Old Win The 3D Printing Industry? EP 260: Drew Taylor · Jun 5, 2016 · at 5:02
AstroPrint founder Drew Taylor discloses fundraising progress and round sizes to Nathan Latka.
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“So we, we've raised about 400,000 to date. And we have a two million dollar round that's open now and about 50% subscribed.”
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More from Drew Taylor
Taylor says 3D printing industry growth is bottlenecked by software
“We saw some time ago that the three D printing hardware is come a long way. It's amazing. It can do amazing things, but the software side and the ecosystem was holding the industry back.”
Taylor expects AstroPrint to close major household brand OEM deals shortly
“We expect a couple of contracts to close within the next two months, but let's just say extremely well-known household brands that are, that will likely have three D printers in the store by Christmas.”
Taylor says content and apps drive hardware sales in 3D printing
“In this industry, content sells the hardware.”
Taylor expects AstroPrint app marketplace revenue to take off in 2017
“Pretty much none. So we see that as more of a revenue base that's going to take off probably 2017 and later.”
AstroPrint monetizes via OEM licensing and a 70/30 app store revenue split
“One side is software that goes inside a three D printer that makes the printer very easy to operate. That's free for personal use, but we charge for commercial use and branding typically on a per printer basis. Our main customer there being a printer manufactu…”