Cloudprinter, “the leading global print[-on-demand] platform,” partly based in Ukraine, has just secured a round of funding with hopes of becoming a unicorn.
The fresh funding is coming from u.ventures — a fund launched in 2017 by WNISEF with the support of USAID to back startups in Ukraine and Moldova, — Dutch investor Brabant Development Company, an unnamed family office, and internal management. The amount of the deal was not disclosed.
“In our view, [Cloudprinter] has the potential to become one of the first globally-operating unicorns to emerge from Ukraine, particularly in the challenging period following the full-scale Russian invasion and war. Their pioneering approach to print-on-demand solutions perfectly aligns with our mission to catalyze economic growth and technological advancement,” stated u.ventures Ventures Director Andrew Sorohan.
Cloudprinter claims over 241 print locations in more than a hundred countries. With offices in the Netherlands, Denmark and Ukraine, the scaleup has most of its employees located in Ukraine.
“For a long time, our presence in Ukraine was considered a dealbreaker for potential investors. Now, it has become one of our strongest assets. A major part of that strength is our incredible team in Lviv, Ukraine, who’ve managed to build a fantastic platform despite all challenges and fears,” said Marta Stetsko, Managing Director at Cloudprinter.com.
Sources: AIN, Startup Rise, TechUkraine
