Printify, a Riga, Latvia-based print on demand company, raised $45M in Series A funding.
The round was led by Index Ventures, with participation from H&M Group, Virgin Group, Wise, Vinted, Squarespace, RedHat and Dreamers VC.
The company intends to use the funds to further expand its marketplace globally.
Founded in 2015 by James Berdigans, Artis Kehris and Gatis Dukurs, Printify provides a transparent print-on-demand and dropshipping platform designed to allow entrepreneurs to build their own businesses, independently. The platform helps anyone start a business with a small investment and risk and connects entrepreneurs with more than 100 print providers across the globe.
With Printify, every item is produced only after the sale and drop-shipped directly to the end consumer, meaning there is no upfront investment and the least possible risk. The catalog offers a large selection of customizable products. It connects merchants with print production partners in more than 100 locations across the world, with a wide coverage in the US, its primary market. In the last year, Printify has seen accelerated growth, now serving more than 2 million registered merchants.
Today, the company employs close to 500 people from all over the world. There are currently more than 70 open positions across product, engineering, marketing and design, almost all of which are remote-friendly.