Cloudprinter announces new round of financing, but not many details

Cloudprinter.com, the Dutch-Ukrainian-American print-on-demand platform, announced a new round of financing. The amount was not disclosed. In 2022, the company announced €7 million raise to build its global API platform. The company says the significance of this investment is the participation of a new Ukrainian investor, u.ventures, the venture capital arm of the Western NIS Enterprise Fund. The investment round also features a diverse range of backers, including existing shareholders like the Brabant Development Company, a family office, and internal management. The company expects to another round next year to further accelerate growth.

“We’re incredibly excited to invest in Cloudprinter.com,” said Andrew Sorohan, Venture Director at u.ventures. “In our view, they have the potential to become one of the first globally-operating unicorns to emerge from Ukraine, particularly in the challenging period following the full-scale Russian invasion and war. Their pioneering approach to print-on-demand solutions perfectly aligns with our mission to catalyze economic growth and technological advancement.”

“It’s been a journey filled with challenges and triumphs,” said Marta Stetsko, Managing Director at Cloudprinter.com. “For a long time, our presence in Ukraine was considered a dealbreaker for potential investors. Now, it has become one of our strongest assets. A major part of that strength is our incredible team in Lviv, Ukraine, who’ve managed to build a fantastic platform despite all challenges and fears. We’re ecstatic to have partners who share our vision.”