CHARLOTTE – There’s a new unicorn in North Carolina: Charlotte-headquartered Printful, the print-on-demand shipping and fulfillment company, which today announced it has raised a $130 million non-control investment from growth equity firm Bregal Sagemount.
According to the statement issued by the company, this investment comes with a company valuation in excess of $1 billion, the number at which a company is said to become a unicorn.
Printful allows ecommerce businesses the opportunity to deliver on-demand printing and shipping, without investing their own resources in the production equipment. It launched in 2013, and since launch, has sold more than 32 million products, the company said.
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In 2020, the company’s revenue grew by nearly 80% and exceeded $200 million. The company now employs more than 1,800 employees globally, including eight of its own facilities and five partner facilities across the globe.
“This has been a transformative year for the creator community,” said Davis Siksnans, CEO and co-founder of Printful, in a statement. “The record sales we saw on our platform demonstrates the power of independent brands and designers.”
The investment will allow the company to continue its global expansion, added Siksnans.
