Something is happening in the print job intermediary market: Cloudprinter, Dutch developer and provider of the global print API platform of the same name, has received seven million euros in seed capital in an investment round led by Capital Mills. The backers are Brabantse Ontwikkelings Maatschappij (BOM) and a Dutch family office. Cloudprinter plans to use the new funding to expand its sales and product teams.
This is not the first round of funding for the company, which also operates a subsidiary in Ukraine: Cloudprinter had already received €3 million in advance financing at the beginning of 2019. Together with the “fresh” capital now received from investors, the company’s total funding amounts to 10 million euros.
Cloudprinter.com, which beyond-print.de has already reported on in the past, is an API platform that can be used to manage print jobs and distribute them to suitable print service providers. To do this, the company uses a network of over 170 print shops in more than 100 countries to offer print-on-demand as close to the end customer as possible and thus keep supply chains short, sustainable and correspondingly more cost-effective. This concept is also said to avoid import duties, as imports are no longer necessary.
The Cloudprinter platform is used, among others, by e-commerce brands that want to expand their business into markets they would otherwise not be able to serve. The company currently employs about 80 people and recently reported 300 percent growth. With the new seed capital from BOM, the Dutch family office and the support of Capital Mills, the company aims to further expand its sales and product teams to strengthen its market position.