Ukrainian-, Dutch-based start-up Cloudprinter.com raises nearly €7M in seed funding to grow its global print API platform.
Cloudprinter.com, the Ukrainian and Dutch-based global print API platform raised nearly €7M in a funding round led by Capital Mills and with participation from Brabantse Ontwikkelings Maatschappij (BOM) and a Dutch family office. This round follows Cloudprinter.com’s early 2019 €3M pre-seed round and brings the total funding of the company to near €10M.
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. Cloudprinter.com manages and fulfills print jobs for its customers around the globe and significantly shortens shipping distance which lowers shipping costs and reduces carbon emissions. Furthermore, customers won’t deal with import duties, as the products aren’t imported anymore.
In the past few years, Cloudprinter.com has built an ecosystem consisting of print providers, eCommerce marketplaces, and print buyers around its platform. Top-notch eCommerce brands are using the platform to grow their business in markets that they otherwise can’t fulfill and at the same time support local communities and society.
Cloudprinter.com currently employs 80 people and operates in more than 104 countries. With the funding raised, Cloudprinter.com strives to expand its sales and product teams and sustain its 300% growth rate from 2021 to 2022.
Martijn Eier, CEO and Founder Cloudprinter.com 150x150pxMartijn Eier, CEO and Founder Cloudprinter.com: “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”.
René Delsing, Investment Manager Capital Mills 150x150px-1René Delsing from Capital Mills says: “Given the extremely tough circumstances Cloudprinter.com has to deal with amidst this war, it is truly impressive what the team has achieved. The team morale is exceptional and we couldn’t be more proud to become part of their journey to becoming a global leader in their industry. Customer reviews and market research underpin their growth potential”.
Robin Franken, Investment Manager, BOM 150x150pxRobin 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“.
www.cloudprinter.com
