Image credits: CloudPrinter
Cloudprinter.com, a Ukraine- and Dutch-based global print API platform, announced on Tuesday that it has secured €7M in a Seed round of funding. This brings the total funding raised by the company to €10M.
The round was led by Capital Mills, with participation from Brabantse Ontwikkelings Maatschappij (BOM) and a Dutch family office. The announcement comes three years after raising €3M in a pre-seed round in 2019.
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The company intends to use the funds to expand its sales and product teams, and sustain its 300 per cent growth rate achieved from 2021 to 2022.
Martijn Eier, CEO and founder of Cloudprinter.com, says, “We are delighted to accelerate our aim to make global printing more sustainable, together with our trustful investors and partners. It’s a great confirmation, especially for our Ukrainian team, that our investors believe in our unique and disruptive approach”.
Cloudprinter.com: What you need to know
Founded by Martijn Eier, Cloudprinter.com is the Print API for Web2Print providers, E-commerce solutions, Enterprises, and publishers globally.
With a print network consisting of more than 170 print partners, Cloudprinter.com provides local print on demand in more than 104 countries, and brings the supply chain closer to the end customer.
The company manages and fulfils print jobs for its customers around the globe and significantly shortens shipping distance, which lowers shipping costs and reduces carbon emissions.
The company employs 80 people and operates in more than 104 countries.
Investor
Capital Mills is a venture capitalist focused on long–term collaboration and active support. The VC invests in B2C tech startups and B2B SaaS companies with state-of-the-art technology and ambitious founders.
René Delsing from Capital Mills says, “Given the tough circumstances Cloudprinter.com has to deal with, it is truly impressive what the team has achieved in the past months. The team morale and growth pace are exceptional. We couldn’t be more proud to be part of their journey to disrupt this industry and become a global leader. Customer reviews and market research underpin their growth potential”.
Robin Franken from BOM says, “Due to their global and unique approach Cloudprinter.com is able to achieve fast commercial growth which in turn results in a more sustainable print industry by (amongst other things) vastly shortening the shipping distances. We are excited about the progression the venture has made in the last few years and are confident that the team will use these new funds to accelerate its growth even more”.
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