About Glowforge
Glowforge is a company based in Seattle (United States) founded in 2014 by Mark Gosselin.. Glowforge has raised $111.7 million across 8 funding rounds from investors including Jo-Ann Stores, DFJ Growth and Foundry. Glowforge offers products and services including Glowforge Pro HD, Glowforge Aura, and Glowforge Spark. Glowforge operates in a competitive market with competitors including Full Spectrum Laser, LionsForge, Xelin and Friendess, among others.
- Headquarter Seattle, United States
- Founders Mark Gosselin
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Glowforge, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$111.7 M (USD)
in 8 rounds
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Latest Funding Round
$20 M (USD), Series E
May 18, 2023
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Investors
Jo-Ann Stores
& 8 more
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Employee Count
Employee Count
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Products & Services of Glowforge
Glowforge offers a comprehensive portfolio of products and services, including Glowforge Pro HD, Glowforge Aura, and Glowforge Spark. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-power CO2 laser for business engraving and cutting materials.
Diode laser for home crafting and precise material scoring.
Basic laser for simple engraving and cutting tasks.
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Funding Insights of Glowforge
Glowforge has successfully raised a total of $111.7M across 8 strategic funding rounds. The most recent funding activity was a Series E round of $20 million completed in May 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series E — $20.0M
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First Round
First Round
(17 Nov 2014)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Series E - Glowforge | Valuation | DFJ Growth , Foundry | |
| Jun, 2022 | Amount | Series E - Glowforge | Valuation | DFJ Growth | |
| Dec, 2018 | Amount | Series D - Glowforge | Valuation | Jo-Ann Stores |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Glowforge
Glowforge has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Jo-Ann Stores, DFJ Growth and Foundry. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are directed toward innovative technology startups by DFJ Growth.
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Founded Year | Domain | Location | |
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Venture capital is invested in early-stage tech startups.
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Founded Year | Domain | Location | |
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Revolution is recognized as a D.C.-based investment firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Glowforge
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Glowforge
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Glowforge Comparisons
Competitors of Glowforge
Glowforge operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Full Spectrum Laser, LionsForge, Xelin and Friendess, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Industrial laser systems for cutting, engraving, and marking are manufactured.
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| domain | founded_year | HQ Location |
Designs and manufactures industrial laser cutting machines
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| domain | founded_year | HQ Location |
Manufacturer of laser systems
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| domain | founded_year | HQ Location |
Produces high-quality laser cutting systems and smart cutters for industrial applications.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Glowforge
Frequently Asked Questions about Glowforge
When was Glowforge founded?
Glowforge was founded in 2014.
Where is Glowforge located?
Glowforge is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Is Glowforge a funded company?
Glowforge is a funded company, having raised a total of $111.7M across 8 funding rounds to date.
What does Glowforge do?
Glowforge designs and sells 3D laser printers. Glowforge is differentiated because it uses subtractive tech, with a laser that cuts something out of material instead of piling it up to make an object. Glowforge raised 27,907,995 in its self run 30-day crowd funding campaign. Currently, Glowforge offers 3 variants The Glowforge Pro Air Filter,The Glowforge Basic Air Filter, The Glowforge Basic, which can be preordered for 4795,2995, 2,395 respectively.
Who are the top competitors of Glowforge?
Glowforge's top competitors include Full Spectrum Laser, Xelin and LionsForge.
What products or services does Glowforge offer?
Glowforge offers Glowforge Pro HD, Glowforge Aura, and Glowforge Spark.
Who are Glowforge's investors?
Glowforge has 9 investors. Key investors include Jo-Ann Stores, DFJ Growth, Foundry, Revolution, and True Ventures.
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