Printful wix8/22/2023 ![]() The firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Printful has scaled to a team of 1,800+ people across eight fulfillment centers around the world.īregal Sagemount is a growth-focused private capital firm with $4.0 billion of committed capital. Since its founding in 2013, Printful has been trusted to deliver 32M+ items, and in 2020 the company hit a revenue milestone that exceeded $200 million. The company fulfills and ships custom clothing, accessories, and home & living items for online businesses. Printful is an on-demand printing and fulfillment company that helps people turn their ideas into brands and products. Goodwin Procter LLP served as the legal advisor to Bregal Sagemount. ![]() Latham & Watkins LLP served as the legal advisor to Printful. Rothschild & Co served as the exclusive financial advisor to Printful in the transaction. ![]() “We look forward to partnering with Printful as it continues to innovate and expand the ways it supports its creator community.” “Having helped build the increasingly important category of print-on-demand from the ground up, Printful is providing much-needed value to ecommerce merchants and creators,” continues Sandeep Swaminathan, an Operating Partner at Bregal Sagemount. “It has been phenomenal to see what the Printful team has achieved over the last few years.” At Bregal Sagemount, we pride ourselves on backing market leaders in disruptive sectors,” says Adam Fuller, a Partner and Co-founder of Bregal Sagemount. This will be one of the largest investments in our company's nine-year history. “We are excited to support Printful in this important step of its growth story. This partnership will allow us to continue our global expansion and help our customers better monetize their work.” “The record sales we saw on our platform demonstrates the power of independent brands and designers. “This has been a transformative year for the creator community,” adds Siksnans. We look forward to partnering with Bregal Sagemount as we continue our journey,” comments Davis Siksnans, CEO and Co-founder of Printful. This investment confirms the strength of Printful's position and also shows that we operate in an industry where there is significant growth potential. We have grown from a start-up to a global industry leader led by a new generation of Latvian entrepreneurs. “Thanks to our hardworking team, we have made significant accomplishments during our 8 years of operation. Printful’s global team of more than 1,800 employees provides services in 8 in-house and 5 partner facilities across the world. Printful integrates with the most popular ecommerce platforms and marketplaces, including Shopify, Etsy, WooCommerce, Wix, and Squarespace. Since its launch in 2013, Printful has sold over 32 million customized products to customers all over the world. The company has experienced explosive growth with its revenue increasing by almost 80% and exceeding $200 million in 2020. The company takes care of everything related to printing, product storage, and delivery, allowing customers to dedicate time to the exciting part of the business-marketing and design development. Printful gives merchants, artists, and other creators the opportunity to run successful ecommerce businesses without investing resources in production and logistics. The new partnership will support the launch of additional products and services and the expansion into new channels and geographies. The financing establishes Printful as the first privately owned company with Latvian roots to achieve unicorn status with a valuation of above $1 billion. CHARLOTTE, N.C.-( BUSINESS WIRE)-Printful, an industry-leading print-on-demand drop shipping and fulfillment company announces a $130 million non-control investment from Bregal Sagemount, a leading growth equity firm.
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