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Shutterfly restructures debt Investments News 

Shutterfly restructures debt

GaryPageau ,
Shutterfly, LLC announced the launch of a debt exchange offer and consent solicitation for eligible noteholders, as detailed here in the press release. The announcement follows reports that Shutterfly has been struggling to service its debt on lagging sales. The U.S.’s leading personalized photo products company, Shutterfly replaced its CEO last week. Pursuant to a Transaction Support Agreement entered into... Read More
INX International makes investment in Gooten Investments News 

INX International makes investment in Gooten

GaryPageau
INX International Ink Co. announced it has completed an investment agreement in Gooten, the technology and fulfillment company based in New York, New York. This deal will help Gooten expand its print-on-demand manufacturing network and capabilities globally while enabling INX to accelerate its strategy in digital printing, according to the announcement. INX International Ink Co. is the third largest producer... Read More
EQT Growth to acquire GotPhoto Acquisitions Investments 

EQT Growth to acquire GotPhoto

GaryPageau ,
Stockholm-based EQT Growth fund has entered into an agreement to acquire a majority stake of GotPhoto Company from its founders, existing angel investors, and management team, who will remain minority owners. GotPhoto’s management team, including its CEO, Benedikt Greifenhofer, will continue to lead the company, building on its strong track record of growth, the announcement stated. As part of the transaction,... Read More
U.K. personalized product startup Merchr gains £350,000 investment Investments 

U.K. personalized product startup Merchr gains £350,000 investment

GaryPageau
A new print-on-demand U.K.-based merchandise platform named Merchr has swung into production at a Greater Manchester facility after securing £350,000 in an oversubscribed pre-seed fundraising round, according to several news reports. The latest investment in Merchr exceeded its initial target of raising £250,000. Merchr was set up by an experienced team backed by Martin Varley, a senior executive in the... Read More
AI-powered video-editing startup Capsule raises $4.75 million seed Investments 

AI-powered video-editing startup Capsule raises $4.75 million seed

GaryPageau ,
AI-powered video-editing startup Capsule announced it raised $4.75 million in a seed round, brining the total funding to $6.75 million. The round comes on the heels of the recent beta launch of the generative AI-powered video editor. The company will use the investment to make key hires in engineering, product design, marketing, and to rapidly commercialize the product. Investing in this round... Read More
GlossAi raises $8 million seed round Investments 

GlossAi raises $8 million seed round

GaryPageau
GlossAi, creators of an AI-driven video generator that allows organizations to rapidly create multi-audience content at scale using generative AI capabilities, announced a successful $8 million seed round. Led by New Era Capital Partners with participation by Guidestar ventures, 97212 Ventures, MindCET Ventures, Ginossar Ventures, Maccabee Ventures, Rafi Gidron, Zipris Family, Barak Goldstein, and more, this investment will allow GlossAi... Read More
Fiery spins out of EFI Investments News 

Fiery spins out of EFI

GaryPageau
Fiery, which provides leading Digital Front End (DFE) technology for production and industrial printing, announced it has been separated from Electronics For Imaging, Inc. and established as a separate company that will operate independently while remaining owned by EFI’s owner, Siris Capital Group LLC. Toby Weiss, long-time Chief Operating Officer and General Manager of Fiery, will continue to lead the... Read More
Imaging Solutions acquires major share in Xpozer Investments News 

Imaging Solutions acquires major share in Xpozer

GaryPageau ,
Imaging Solutions AG (ISAG) in Switzerland has acquired a major share in the Dutch company Xpozer for a strategic partnership. Xpozer offers a patented mounting system for easily hanging and switching poster-size prints. The mounting system has a unique tensioning technology to keep the photo prints perfectly flat while giving a clean presentation without any borders or frames. Currently, Xpozer... Read More
Condé Systems becomes an employee-owned company Acquisitions Investments 

Condé Systems becomes an employee-owned company

GaryPageau
Sublimation and heat-transfer supplier Condé Systems Inc. announced its employees are now the owners of the company through an employee stock ownership plan (ESOP). Condé Systems is a leading supplier of sublimation and digital heat-transfer equipment, supplies, products, and education. As a 100% ESOP-owned company, all of Condé’s stock is now held in trust by the ESOP exclusively for the... Read More
French AI imaging company PhotoRoom raises $19 million Investments 

French AI imaging company PhotoRoom raises $19 million

GaryPageau
French startup PhotoRoom announced a $19 million Series A funding round, lead by Balderton Capital with participation from Facebook, Hugging Face and Disney+. Existing investor Adjacent is also investing. Since launch, the PhotoRoom app has been downloaded 40 million-plus times worldwide with a 4.7-star rating from 750,000 reviews. According to the announcement, the company was founded in late 2019 by Matthieu... Read More
Lumileds announces reorganization plan Investments 

Lumileds announces reorganization plan

GaryPageau
Lumileds Holding B.V., a maker of lighting solutions, announced the United States Bankruptcy Court for the Southern District of New York has confirmed the company’s reorganization plan. Lumileds plans to emerge from the Chapter 11 process the week of Oct. 31 following the satisfaction of certain administrative items before the plan becomes effective. Under the terms of the plan, Lumileds... Read More
Aryeo raises $3.5 milion to expand real-estate photography platform Investments News 

Aryeo raises $3.5 milion to expand real-estate photography platform

GaryPageau
Aryeo announced $3.5 million in fresh capital led by 645 Ventures, with participation from Hyperplane VC. To date, Aryeo has raised more than $7 million in funding and is the leading platform for real estate photography and media businesses. “Real estate photographers and media companies are an overlooked and integral part of the real estate process,” says Branick Weix, CEO and... Read More
Pixelle to restart paper machine in Chillicothe, Ohio Investments News 

Pixelle to restart paper machine in Chillicothe, Ohio

GaryPageau
Pixelle Specialty Solutions LLC, a Pennsylvania-based manufacturer of specialty papers in North America, announced plans to restart a paper machine in the Chillicothe, Ohio facility. The company is investing $21 million to upgrade and restart the #24 paper machine (PM24) and plans to hire 52 full-time employees to operate and maintain it, the company said. Pixelle will also fill 50... Read More
Getty Images expects to begin trading as public stock July 25 Investments 

Getty Images expects to begin trading as public stock July 25

GaryPageau
Getty Images, a prominent global visual content creator and marketplace, and CC Neuberger Principal Holdings, a publicly traded special purpose acquisition company, today announced the completion of their previously announced business combination. Upon completion of the business combination, the combined company has been renamed Getty Images Holdings, Inc. Beginning on July 25, 2022, the company’s common stock and warrants are... Read More
Cloudprinter.com raises €7 million in seed funding to grow its global print API platform Investments 

Cloudprinter.com raises €7 million in seed funding to grow its global print API platform

GaryPageau
Cloudprinter.com, the Ukrainian- and Dutch-based global print API platform, raised €7 million in a seed round led by Capital Mills, with participation from Brabantse Ontwikkelings Maatschappij (BOM) and an unnamed Dutch family office. This round follows Cloudprinter.com’s early 2019 €3 million pre-seed round and brings the total funding of the company to €10 million. With a print network consisting of... Read More