
LeadX Capital leads $20.4m series-B for 360Imprimir
German venture capital house LeadX Capital Partners has led a $20.4m series-B funding round for Portuguese company 360Imprimir.
Also taking part in the funding were French VC firm Omnes Capital, Porto-based VC fund Pathena and Fundo 200M, a vehicle managed by PME Investimentos and co-financed by the EU via its European Regional Development Fund.
360Imprimir intends to use the fresh funding to expand into new markets, including the UK, and scale up its team of 200 employees by hiring more than 100 people in the next 12 months. In addition, the company plans to invest in technology and R&D, and increase its offering to 20,000 products by 2022.
Previous funding
Portuguese venture capital house Shilling Capital Partners provided €250,000 in seed funding in December 2014. Subsequently, Pathena led a €3m series-A round for the business in August 2016.
More recently, Omnes Capital led a €4m series-B round alongside Pathena in April 2017 to boost the company's international expansion.
Company
Founded in 2013 and based in Lisbon, 360Imprimir provides an online marketplace for both physical and digital marketing products, including leaflets, logos, posters, flyers and cards. The company has a consolidated presence in Portugal, Spain, Brazil and Mexico, and has recently entered several new markets, including Germany, France, Ireland, Italy, Norway, Poland, Sweden, Canada and the US.
360Imprimir offers a portfolio of more than 400 products within seven ranges (small format, large format, stamps, magnets, gifts, textiles and design services), fulfilling 4,500 orders per day. The company generated revenues of €21m in 2018, 80% up on the previous year, and expects to reach €35m in 2019 and €100m by 2021.
People
360Imprimir – Sérgio Vieira (CEO).
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