RPI, Inc., a Seattle, WA-based leader in automated manufacturing and fulfillment for the consumer make-on-demand printed products market, has closed a $5m preferred round of funding.
The round was led by Riverlake Partners, LLC, a Portland-based private equity group focused on the lower middle market. The investment is being made through its second fund, Riverlake Equity Partners II, LP. Huntington Capital of San Diego, which provided $5m of mezzanine financing to RPI in July, also participated in this round.
RPI plans to use the additional funds to continue to grow in the consumer market for personalized, print-on-demand products, which include photo books, invitations, business cards and stationery for a broad range of blue chip retail and online publishing customers.
In conjunction with this investment, Riverlake partner Victor G. Petroff will become chairman of the company’s board of directors.