Cloudprinter.com raises €7 million in seed funding to grow its global print API platform
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 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, the company said.. 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.
Netherlands – based Capital Mills is a venture capitalist founded in 2015 and backed by a group of experienced entrepreneurial investors. Focused on long–term collaboration and active support it invests in fast-growing B2C tech startups and B2B SaaS companies with state-of-the-art technology and ambitious founders, the release said. Together with entrepreneurs, BOM focuses on the fossil-fuel-free generation of electricity and heat, energy conservation in buildings and production processes, and the creation of new technologies that help Brabant cut its CO2 emissions and accelerate the energy transition.
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.
“We are delighted to accelerate our aim to make global printing more sustainable, together with our trustful investors and partners,” said Martijn Eier, CEO and founder, Cloudprinter.com. “It’s a great confirmation, especially for our Ukrainian team, that our investors believe in our unique and disruptive approach.”
“Given the tough circumstances Cloudprinter.com has to deal with, it is truly impressive what the team has achieved in the past months,” says René Delsing from Capital Mills. “The team morale and growth pace are exceptional. We couldn’t be more proud to be part of their journey to disrupt this industry and become a global leader. Customer reviews and market research underpin their growth potential.”
“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,” says Robin Franken from BOM. “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.“