Privately held online print shop iPrint.com said that it has raised $20
million in third-round funding led by Softbank Venture Capital.
iPrint.com has raised $31 million s since launching in 1997.
AT&T Ventures also participated in the this round, as well as existing
shareholders including Intel Corp., Canaan Partners, ITV (Information
Technology Ventures), the Robertson Stephens partner fund, and DawnTreader
LP, the venture fund founded by Robert Lessin, CEO of Wit Capital and former
vice chairman of Salomon Smith Barney.
“SOFTBANK’s incredible depth of experience and broad industry presence will
prove invaluable as we innovate one of the largest traditional businesses on
the planet,” said Royal P. Farros, CEO and chairman of iPrint.com.
Heidi Roizen, managing director for SOFTBANK Venture Capital’s current
technology fund, will join iPrint.com’s board of directors.
“iPrint.com is clearly the leading online print shop in this huge $23 billion
printing space,” said Roizen.
“With a large base of customers, strong
technology, and terrific strategic partners like 3M, Kinko’s, OfficeMax, and
Sir Speedy, we’re excited to help iPrint.com achieve their aggressive
domestic and global goals.”
iPrint.com offers desktop publishing on the Internet and has integrated a
network of commercial printers on the backend for fulfillment. It offers a
range of business stationery products, ad specialty promotional items, and
gifts at discounted prices.