Bregal Milestone
03 Dec 2024
Printful, an industry-leading print-on-demand drop shipping and fulfillment company announces a $130 million non-control investment from Bregal Sagemount, a leading growth equity firm.
The financing establishes Printful as the first privately owned company with Latvian roots to achieve unicorn status with a valuation of above $1 billion. The new partnership will support the launch of additional products and services and the expansion into new channels and geographies.
Printful gives merchants, artists, and other creators the opportunity to run successful ecommerce businesses without investing resources in production and logistics. The company takes care of everything related to printing, product storage, and delivery, allowing customers to dedicate time to the exciting part of the business—marketing and design development.
The company has experienced explosive growth with its revenue increasing by almost 80% and exceeding $200 million in 2020. Since its launch in 2013, Printful has sold over 32 million customized products to customers all over the world. Printful integrates with the most popular ecommerce platforms and marketplaces, including Shopify, Etsy, WooCommerce, Wix, and Squarespace. Printful’s global team of more than 1,800 employees provides services in 8 in-house and 5 partner facilities across the world.
Davis Siksnans
CEO and Co-founder - Printful
Adam Fuller
Partner and Co-founder - Bregal Sagemount
Sandeep Swaminathan
Operating Partner - Bregal Sagemount
Rothschild & Co served as the exclusive financial advisor to Printful in the transaction. Latham & Watkins LLP served as the legal advisor to Printful. Goodwin Procter LLP served as the legal advisor to Bregal Sagemount.
Printful is an on-demand printing and fulfillment company that helps people turn their ideas into brands and products. The company fulfills and ships custom clothing, accessories, and home & living items for online businesses. Since its founding in 2013, Printful has been trusted to deliver 32M+ items, and in 2020 the company hit a revenue milestone that exceeded $200 million. Printful has scaled to a team of 1,800+ people across eight fulfillment centers around the world.
Bregal Sagemount is a growth-focused private capital firm with $4.0 billion of committed capital. The firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount invests $40 million to $400 million per transaction into targeted sectors including software, digital infrastructure, healthcare IT / services, business and consumer services, and financial technology / specialty finance. For more information, please visit www.sagemount.com.
Bregal SagemountPhil Nunes
Phil.nunes@backbaycommunications.com
+1 617-391-0792
Stephen Fishleigh
Stephen.fishleigh@backbaycommunications.com
+44 (0) 203 475 7552