Main Highlights
- Printify, a leading print-on-demand company, announced a €38 million Series A funding round.
- Printify’s growth has increased in the previous year, and the company currently serves more than 2 million registered businesses.
- It is a transparent print-on-demand network that enables businesses to generate more money in a simple and straightforward manner.
- Printify’s one-of-a-kind offering allows people to advertise their businesses through customizable items with no upfront expenditure.
Printify, a leading print-on-demand company, announced a €38 million Series A funding round led by Index Ventures, with participation from H&M Group, Virgin Group, the founders of high – tech companies Wise, Vinted, Squarespace, RedHat, and entertainment industry investors such as Will Smith’s Dreamers VC. Printify will leverage this funding to develop its worldwide market.
Printify, as an e-commerce platform, feeds the rapidly expanding creative economy by enabling anybody to establish a business and produce their own unique items. Every item with Printify is created only after the sale and drop-shipped straight to the end-user, resulting in no upfront investment and the lowest potential risk. The Printify catalog has the most goods that may be customized. It links retailers with print production partners in over 100 sites worldwide, with the most extensive coverage in the United States, its core market. Printify’s growth has increased in the previous year, and the company currently serves more than 2 million registered businesses.
The firm, based in Latvia, is putting up a strong staff to satisfy this demand. Printify now employs almost 500 individuals from all over the world, with employee headcount more than tripling in the previous year, and plans to expand further. Currently, there are over 70 vacant roles in product, engineering, marketing, and design, virtually all of which are remote-friendly.
Why was Printify started?
Printify is a transparent print-on-demand network that enables businesses to generate more money in a simple and straightforward manner. They are enthusiastic about outstanding ideas that can improve people’s lives. They set out to simplify the overly complicated print and merch sector so that creative brains, restless digital nomads, time-crunched entrepreneurs, and everyone in between could do what they do best: design amazing goods, generate sales, and manage their own businesses.
Mission of Printify
“Our aim is to create an ever-evolving platform that allows anybody to establish an e-commerce business with the least amount of cost and risk imaginable. Also, to shift e-commerce from mass manufacturing to on-demand production, eliminating superfluous inventory and minimizing environmental waste,” said Printify founder and CEO James Berdigans.
Last year saw major changes in the sector, as customers increasingly preferred to purchase online, and more and more merchants looked for ways to supplement their revenue. They are delighted to service the rising demand from artists and entrepreneurs, and they want to continue their quick growth by expanding into new areas and investing in a team of Europe’s most brilliant and ambitious individuals.
“Printify is the top marketplace for on-demand manufacturing, with the widest range of products and print providers,” says Index Ventures Principal Dino Becirovic. They have eliminated all obstacles to product development, allowing over 2 million artists to establish profitable goods companies with the click of a mouse.
“Entrepreneurial spirit flows through the Virgin Group, which is why I’m pleased to support Printify,” stated Richard Branson, Founder of the Virgin Group. Printify’s mission and success story to date both embody this unique entrepreneurial spirit, which has resulted in a fast-developing and strong e-commerce platform.
Printify’s one-of-a-kind offering allows people to advertise their businesses through customizable items with no upfront expenditure. They are eager to help it flourish in the future years.
With the globe seeing tremendous growth in on-demand services, H&M Group is ecstatic to have invested in Printify and its team. “The implementation of the founder’s vision and their outstanding performance to date speak not just to the product’s scalability, but also to their capacity to be a long-standing market leader in this space,” says Elise Fahlen, Investment Manager at H&M CO: LAB.
