Printify

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Printify raises $3M to expand its marketplace for custom printing

In Riga, Latvia, an 80-person startup called Printify is reimagining the on-demand printing business.

Gone are the days where small merchants have to sell their customized products on platforms like Zazzle, Society6, CafePress or Teespring . Using Printify, e-commerce business owners can create clothes, accessories and more fixed with their designs, logos, art or photos, then sell them directly on their very own online stores.

The “first wave” of on-demand printing companies, Printify founder and chief executive officer James Berdigans explained to TechCrunch, typically require that merchants sell their items on the provider’s platforms.

“The problem is that these merchants don’t have the capability to build their own brand,” Berdigans said. “At the end of the day, you end up building the Teespring brand, not your own brand.”

Printify, a graduate of the 500 Startups accelerator, has attracted a $3 million investment from Bling Capital, a venture capital fund launched five months ago by Ben Ling, a former general partner at Khosla Ventures.

“Printify is perfectly positioned to enable the new trend of micro and boutique brands,” Ling said in a statement. “Consumers and SMBs alike can benefit from Printify’s high-quality, low-cost and fast printing platform — and create their own micro-brands.”

Founded in 2015 by Berdigans, Artis Kehris and Gatis Dukurs, Printify had previously raised a $1 million round following a big pivot. Initially, the business “pretended to be the manufacturer,” opting to be less transparent as a means to entice customers.

“That was a terrible idea,” Berdigans said. “Even though you aren’t lying, you end up not being a very honest company and that’s not the business model we wanted.”

Now, Printify operates as a B2B marketplace that connects manufacturers with e-commerce stores. Plus, the startup handles the mundane tasks of fulfilling orders, including billing, manufacturing requests and shipping so store owners can focus on brand building. The switch allowed the startup to begin growing 30% month-over-month, as well as add hundreds of unique products to its catalog.

The founders say Printify most often caters to political campaign employees, designers & artists, and influencers & “hustlers,” or people who are self-taught experts on managing digital sales. With a fixed pricing scheme, merchants know exactly what they are paying Printify, but have the flexibility of pricing their own product. Other print-on-demand marketplaces, like the aforementioned “first wave” businesses, don’t give merchants the ability to determine their own margins.

“If you use Zazzle, for example, you only get a small portion of revenue share but on Printify, you pay us a small fee,” Berdigans said. “If you were selling t-shirts for $25 and the average production cost is $10, our sellers will see a 50 to 60% margin.”

Dozens of angel investors, including YouTube co-founder Steve Chen, Twitch co-founder Kevin Lin, ClassPass co-founder Fritz Lanman, DoorDash co-founder Evan Moore, Google AdSense pioneer Gokul Rajaram and Facebook’s vice president of product Kevin Weil, also participated in the company’s latest round.

“What Airbnb did for the hospitality industry, that’s basically what we can do for the print-on-demand industry,” said Kehris, Printify’s chief operating officer.

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Printify, a new marketplace for custom printing, raises $1 million seed

Printify, a startup all the way from Riga, Latvia, has raised $1 million in seed funding led by Google AdSense pioneer Gokul Rajaram as it looks to expand its services in the U.S. and build out its team in Latvia.

Today, roughly 50,000 e-commerce stores use Printify’s services for printing-on-demand, according to the company.

Together with Lumi, which can handle packaging for consumer-facing startups, Printify is making the notion of becoming a brand as seamless as possible by taking much of a vendor’s legwork out of the equation.

The company keeps its customers’ billing information on file and links with the back-end ordering system of almost any e-commerce platform.

When an order comes in, Printify gets an API notification to begin working on a product. The company then sends print-ready files to an on-demand manufacturer that can print a design and ship a product within 24 hours.

Printify founder James Berdigans came up with the idea for the company after starting a business making accessories for Apple products.

“We wanted to print custom phone cases and we thought we’d find an on-demand manufacturer and it would be easy,” says Berdigans. That’s when Printify was born.

The company first integrated through Shopify and began to see some traction in November 2015, but because the company didn’t own its own manufacturing, quality became a concern.

In 2016, Berdigans pivoted to the marketplace model because he saw demand coming from a growing number of small business owners like himself that needed access to a selection of quality printing houses.

New direct-to-garment printing and digital printing on t-shirts is going to grow very rapidly over the next few years, according to Berdigans.

A graduate from the 500 Startups accelerator program, the company is already profitable and hoping to capitalize on its success with this new funding to expand its engineering team.

“In just two years, Printify has become profitable and is growing at a rapid pace. With this
investment, we plan to double our Riga team in 2018. That will create at least 30 new jobs,
most of which will be in programming, design, and customer support,” said Printify co-founder
Artis Kehris in a statement.

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