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Our investment teams have distinct strategies and focus on investing in mid-market companies in a variety of sectors in the US and Europe.

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News

Printful and Printify announce merger for accelerated growth in the global market

Date: 05 Nov 2024
Category: Portfolio news
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Printful and Printify, two pioneering technology platforms that enable a wide variety of customers to build eCommerce businesses utilizing the power and efficiency of production-on-demand, have today announced that they will merge.

The merger will open new prospects for accelerated growth for both companies and offer millions of customers broader opportunities to develop their online businesses on a global scale.

Both platforms will continue to operate as separate brands, strengthening Riga's position as an innovation center and a strategic target for tech investment.

With the support of shareholders and the approval of regulatory authorities, Printful and Printify have announced their merger today. By joining forces as equal partners and combining their technology capabilities and resources, the new company will be able to create a business providing greater product selection, broader geographic reach, and improving fulfillment solutions for everyone—from individual entrepreneurs to leading global companies. Both the Printful and Printify brands will be maintained for the foreseeable future, and existing sellers and customers can expect to see new offerings on both platforms soon.

"This is an exciting moment for everyone. Printify is a business that we have long respected and I believe that there is a natural fit between the two companies. As our discussions progressed, we found that our cultures are very similar, while our businesses are even more complementary than we initially believed. I’m excited to see our two great technology companies combine strengths and provide our customers with ever improving opportunities to fulfill their business goals"

Alex Saltonstall

CEO - Printful

Today the two companies serve hundreds of thousands of clients, including individuals running side-gigs, entrepreneurs creating their own brands, and some of the world’s largest entertainment companies using creative merchandise to engage their fans. This merger will provide e-commerce sellers worldwide with the strengths of both Printful’s in-house production facilities, and Printify’s network of more than 85 third-party production partners. By providing print and other on-demand manufacturing services, the companies aim to replace mass production, both enabling the efficient growth of customers' businesses and reducing the harmful effect of overproduction on the planet.

"Our combined company will give our merchants more. More top-quality products, more places to sell, more innovative solutions, and more growth and profit. We’re also going to be able to provide best in class learning, talent density, and development opportunities for our teams. In recent years, the Latvian tech and entrepreneurial scene has caught up with our neighbors in the Baltics and Eastern Europe. This merger will not only help to crystallize that position but also give us the platform to be a destination for top talent from around Europe and the world"

Anastasija Oļeiņika

CEO - Printify

The merged business will become one of Latvia’s most prominent technology companies, contributing significantly to the domestic economy and enhancing Riga’s position as a leading destination for entrepreneurship, innovation, and tech investment. The co-founders of both companies view the merger as the next logical step in their development.

"Printful has been on an exciting journey for over ten years now and it’s fantastic to be moving to the next stage of our journey through a merger with Printify. Bringing together these two innovative technology and production-on-demand businesses will place us at the forefront of the country's thriving technology sector and unlock huge growth potential for our company and the region."

Lauris Liberts

Co-founder and Chairman - Printful

"We have always been focused on driving Printify towards its full potential, and Printful is the perfect partner to allow us to achieve that. It is clear that our businesses are hugely complementary and that this merger will ensure we are in the best possible position to serve our customers, enhance our offering, and grow further in new markets"

Jānis Berdigans

Founder and Executive Chairman - Printify

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