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3D printing company opens new space in the Houston area

A Houston company just opened a new factory and community space, allowing anyone in the community access to 3D printing. Courtesy of re:3D

You now have access to large-scale 3D printers, thanks to re:3D. The Houston company opened its community space in its factory located next to the NASA Johnson Space Center in southeast Houston.

The company makes an affordable and customizable 3D printer, called the Gigabot, and has clients across industries in over 50 countries. Recently, re:3D introduced sustainable options, including printing using plastic waste. The 7,000-square-foot space opened to the public on Saturday, April 13, with free tours and mingling.

This unveiled area allows for anyone in the community to learn about the 3D printing process, tour the facility, attend social events or workshops, or even buy a printer or some of the company's merchandise.

"re:3D couldn't be more thrilled to connect with our neighbors and share our desire to grow in Houston," says Co-Founder and Catalyst Samantha Snabes in a release. "In addition to offering regular classes and tours, we're seeking feedback on how we support innovation in Houston whether it be partnerships, cross-activations, meetups or other creative connections."

re:3D launched in 2013 — Snabes and her co-founder, Matthew Fiedler, were involved at NASA before founding the company. The company hasn't taken any investment money and has bootstrapped for the most part, receiving $1 million from WeWork's Creator Award, a $250,000 NSF Phase I Grant, and some other pitch competitions. The team also received $40,000 equity-free funding from Parallel18 and $40,000 from Startup Chile. Last year, the company, which has a presence in Austin and completed MassChallenge Texas. The company has raised over $300,000 in a couple Kickstarter campaigns over the years.

The company's printer, called the Gigabot, is on display and able to be used in the newly opened space. Courtesy of re:3D

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Originally expected to raise $150 million, Mercury's latest fund is the largest raised to date. Photo via mercuryfund.com

A Houston venture capital firm has announce big news of its latest fund.

Mercury, founded in 2005 to invest in startups not based in major tech hubs on either coast, closed its latest fund, Mercury Fund V, at an oversubscribed amount of $160 million. Originally expected to raise $150 million, Fund V is the largest fund Mercury has raised to date.

“We are pleased by the substantial support we received for Fund V from both new and existing investors and thank them for placing their confidence in Mercury,” Blair Garrou, co-founder and managing director of Mercury Fund, says in a news release. “Their support is testament to the strength of our team, proven investment strategy, and the compelling opportunities for innovation that exist in cities across America.”

The fund's limited partners include new and existing investors, including endowments at universities, foundations, and family offices. Mercury reports that several of these LPs are based in the central region of the United States where Mercury invests. California law firm Gunderson Dettmer was the fund formation counsel for Mercury.

Fresh closed, Fund V has already made investments in several companies, including:

  • Houston-based RepeatMD, a patient engagement and fintech platform for medical professionals with non-insurance reimbursed services and products
  • Houston and Cheyenne Wyoming-based financial infrastructure tech platform Brassica, which raised its $8 million seed round in April
  • Polco, a Madison, Wisconsin-based polling platform for local governments, school districts, law enforcement, and state agencies
  • Chicago-based MSPbots, a AI-powered process automation platform for small and mid-sized managed service providers

Mercury's investment model is described as "operationally-focused," and the firm works to provide its portfolio companies with the resources needed to grow rapidly and sustainably. Since 2013, the fund has contributed to creating more than $9 billion of enterprise value across its portfolio of over 50 companies.

“Over the past few years there has been a tremendous migration of talent, wealth and know-how to non-coastal venture markets and this surge of economic activity has further accelerated the creation of extraordinary new companies and technology," says Garrou. "As the first venture capital firm to have recognized the attractiveness of these incredible regions a dozen years ago, we are excited to continue sourcing new opportunities to back founders and help these cities continue to grow and thrive.”

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