Ukraine and Dutch-based print API platform Cloudprinter.com has raised €7 million in a seed round. Leading the round was Capital Mills, with participation from Brabantse Ontwikkelings Maatschappij (BOM) and a Dutch family office. The investment comes on the back of Cloudprinter’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, the platform offers local print on demand in more than 104 countries and brings the supply chain closer to the end customer. It manages print jobs for its customers around the globe and significantly shortens shipping distance which lowers shipping costs and reduces carbon emissions. Furthermore, customers do not need to deal with import duties. Going forward, the platform will expand its sales and product teams and sustain its 300% growth rate from 2021 to 2022 with the new funding.
Martijn Eier, CEO and founder of Cloudprinter.com said: “Our aim is 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 at Capital Mills added: “Given the tough circumstances Cloudprinter.com has to deal with, it is truly impressive what the team has achieved in the past months. We couldn’t be more proud to be part of their journey to disrupt this industry and become a global leader.”
Robin Franken, investment manager from BOM said: “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.”