Teespring, a San Francisco, CA- and Providence, RI-based custom commerce platform, raised $35m in Series B financing.
The round was led by Khosla Ventures with partcipation from existing investor Andreessen Horowitz. In conjunction with the investment, Khosla Ventures partner Keith Rabois will join Teespring’s Board of Directors.
The company, which has raised a total of $55m, intends to use the funds to scale and expand its operations, continue to build the team, and launch new tools and resources.
Led by CEO and co-founder Walker Williams, Teespring operates a custom commerce platform that allows entrepreneurs and enthusiast to create and sell custom merchandise. The platform powers all of the stages of bringing products to market from production and manufacturing to supply chain, logistics, and customer service.
The company is also building a 105,000-square-foot production and fulfillment facility in Hebron, Kentucky which will increase its manufacturing and logistics capabilities. The facility will be operational in early 2015 and is expected to create more than 300 jobs in the northern Kentucky region over the next year.
FinSMEs
19/11/2014