Spoonflower, a Durham-based provider of on-demand digital printing of custom fabric, wallpaper and gift wrap, raised a $25m minority investment.
The round was led by North Bridge Growth Equity with participation from Bull City Venture Partners. Partner Russ Pyle and Principal Holly Maloney from North Bridge Growth Equity will join Spoonflower’s Board of Directors as part of the investment. David Jones of Bull City Venture Partners will join the board as an observer.
The company intends to use the funds for the introduction of new product offerings, and international expansion.
Launched in 2008, Spoonflower sells custom-printed fabric and offers a marketplace for unique designs created by independent artists.
The company currently employs 150 people in Durham and is planning to open an office in Berlin, Germany.
FinSMEs
26/08/2015