Printful, a Charlotte, NC-based print-on-demand drop shipping and fulfillment company, received a $130m non-control investment from Bregal Sagemount.
The investment brought Printful’s valuation to above $1 billion.
The company intends to use the funds to launch additional products and services and expand into new channels and geographies.
Led by Davis Siksnans, CEO and Co-founder, Printful gives merchants, artists, and other creators the opportunity to run ecommerce businesses without investing resources in production and logistics. The company takes care of everything related to printing, product storage, and delivery, allowing customers to dedicate time to marketing and design development.
The company has experienced growth with its revenue increasing by almost 80% and exceeding $200m in 2020. Since its launch in 2013, Printful has sold over 32 million customized products to customers all over the world. Printful integrates with popular ecommerce platforms and marketplaces, including Shopify, Etsy, WooCommerce, Wix, and Squarespace. Its global team of more than 1,800 employees provides services in 8 in-house and 5 partner facilities across the world.