(Yicai Global) Feb. 18 -- Raise3D, a Chinese maker of three-dimensional printing devices whose clients include Apple, Tesla, and DJI, has secured CNY100 million (USD15.8 million) in its latest financing round.

The Series C fundraiser was led by GP Capital-backed Shanghai Jinpu Intelligent Technology Investment Management, Shanghai-based Raise3D said today. Chuangyu Investment Management and existing investors Xiamen C&D Emerging Industry Equity Investment and Shanghai Blue Lake Capital Consulting also took part.

Raise3D will use the proceeds to upscale research, development and production, invest in new technological and engineering applications, expand its product portfolio, enlarge its Suzhou production base, and set up a new R&D center in Wuhan.

Founder and Chief Executive Feng Hua said the funding round will underpin Raise3D’s investment R&D for 3D printing metals, ceramics, and fiber-reinforced composite materials to provide the reproducibility required for industrial production and empower smart manufacturing.

Founded in 2015, Raise3D sold almost 10,000 printers last year, according to its own data. The company has offices also in Rotterdam and California.

Raise3D closed a Series B+ round led by Blue Lake Capital Consulting worth tens of millions of yuan last May, according to its Chinese website. C&D Emerging Industry Equity Investment also invested at that time.

Editor: Futura Costaglione