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$300 3D printer Kickstarter campaign raises $1 million in funding in 24 hours

Posting in Design

 

Screen Shot 2014-04-09 at 11.19.51.png
 M3D
A cute, tiny $299 3D printer has raised overwhelming support after launching a Kickstarter campaign this week.

The Micro 3D printer, brainchild of Bethesda, Md. company M3D, managed to reach a funding goal of $50,000 only 11 minutes after launching on crowdfunding website Kickstarter. A mere 25 hours later, investors had swarmed to pre-order the home-based 3D printer, and raised funds of over $1 million as a result.

At the time of writing, with 28 days to go, $1,486,556 has been pledged by over 5,000 backers.

M3D calls the product the "the first truly consumer 3D printer," and the "most affordable 3D printer that can be used right out of the box."

The Micro is a small, cube-shaped device weighing only 2.2lb. The printer is compatible with any Windows, Mac, or Linux based system, and supports different materials including ABS, PLA and Nylon.

The design team posted an update on their Kickstarter page on Tuesday, thanking funders.

"So much has happened since we launched the campaign yesterday. It's hard to believe that only 30 hours have gone by," the team wrote. "You've shown the world that we are ready for a new consumer product category."

It is unsurprising that such a product has captured the imagination of consumers. 3D printing has been used in architecture, the medical profession and by businesses producing consumer goods, but there are no cheap consumer-based devices currently available. But as one backer, Paul Wayner says, consumers are ready to experiment on their own.

"I don't really know what I'm going to use it for," Wayner said. "But I can't wait to find out."

Read on: Kickstarter

— By on April 9, 2014, 3:22 AM PST

Charlie Osborne

Contributing Editor

Charlie Osborne is a freelance journalist and photographer based in London. In addition to SmartPlanet, she also writes for business technology website ZDNet and consumer technology site CNET. She holds a degree in medical anthropology from the University of Kent. Follow her on Twitter. Disclosure