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3M is a diversified global science and manufacturing conglomerate based in Saint Paul, Minnesota, that develops and produces a wide range of industrial, safety, and consumer products. Operating as a publicly traded entity, the corporation generated over 32 billion dollars in annual revenue in 2023 and currently employs approximately 85,000 people worldwide. The company serves the aerospace, automotive, electronics, and retail sectors, manufacturing well-known consumer brands such as Post-it, Scotch, Command, and Nexcare. In April 2024, the business restructured its global operations by spinning off its healthcare division into an independent public company named Solventum. Additionally, the corporation has publicly committed to permanently ceasing the manufacturing of PFAS chemicals by the end of 2025. The enterprise was founded in 1902 by John Dwan, Hermon Cable, Henry Bryan, William McGonagle, and Doctor J Danley Budd.
Key people at 3M.
3M was founded in 1902 by John Dwan (Founder).
3M has 5 tracked investments across 4 companies. The latest tracked deal is $16.0M Other Equity in Everactive in August 2021.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Aug 1, 2021 | Everactive | $16.0M Other Equity | — | Armstrong International, Graham Ackerman |
| Jul 20, 2021 | Inkbit | $30.0M Series B | John Chen | IMA, Ocado, Saint Gobain, Stratasys |
| Jan 22, 2020 | Socially Determined | $11.1M Series A | — | Healthworx, Lrvhealth, Ochsner Lafayette General Healthcare, OSF Healthcare, Promedica, Neil Borg |
| Nov 4, 2019 | Inkbit | $12.0M Other Equity | Ronen Lebi | Paul Clarke, Saint Gobain |
| Feb 23, 2012 | EnerVault | $15.5M Series B | — | Richard SEE, Oceanshore Ventures, TEL Venture Capital, Manoelle Lepoutre, US Invest |
3M is a global diversified technology and manufacturing company known for its innovation across multiple industries. It produces a vast range of products including adhesives, abrasives, tapes, safety equipment, healthcare supplies, and consumer goods, serving sectors such as electronics, automotive, healthcare, and aerospace. 3M solves practical problems by developing reliable, high-quality products that improve everyday life and industrial processes, maintaining strong growth momentum through continuous innovation and a broad product portfolio[1][4].
Founded in 1902 as Minnesota Mining and Manufacturing Company, 3M started as a small mining venture aiming to extract corundum for sandpaper production. Early challenges, including mining a low-grade mineral instead, led the founders to pivot toward manufacturing abrasives and tapes. This spirit of innovation and perseverance laid the foundation for 3M’s evolution into a Fortune 500 company with over 60,000 products sold worldwide. Key moments include the invention of waterproof sandpaper in the 1920s, masking and Scotch tapes, and contributions to major achievements like materials used in the Apollo moon landing[1][2][3].
3M rides the trend of innovation-driven industrial and consumer solutions, leveraging advances in materials science and manufacturing technology. The timing is favorable due to increasing demand for high-performance materials in healthcare, electronics, and sustainability-focused industries. Market forces such as globalization, technological advancement, and rising safety and environmental standards amplify 3M’s influence. The company shapes the ecosystem by setting benchmarks in product quality and innovation, supporting industries from automotive to healthcare with essential materials and technologies[1][4].
3M’s future will likely focus on accelerating innovation in sustainability, healthcare, and digital transformation of manufacturing. Trends such as green technologies, advanced materials, and smart devices will shape its product development. Its influence may grow as it integrates new technologies like AI and IoT into product design and manufacturing processes, continuing to solve complex problems globally. The company’s enduring commitment to innovation and adaptability positions it well to maintain leadership in diverse markets[1][3].
3M was founded in 1902 by John Dwan (Founder).
Key people at 3M.
