This milestone is notable for being the first of its kind to attract investment from both Dutch and Ukrainian stakeholders, including a significant new Ukrainian investor.
Born in the Netherlands and operating with dual headquarters in Ukraine, Cloudprinter.com has surmounted significant geopolitical and economic challenges to secure this financing. Despite the majority of its workforce being based in Ukraine, a region affected by war and economic instability, the company has successfully secured critical growth capital.
The investment features a diverse range of backers, including existing shareholders like the Brabant Development Company, a family office, and internal management. Most notably, u.ventures, the venture capital arm of the Western NIS Enterprise Fund, has joined the funding round as a major new Ukrainian stakeholder.
"We're incredibly excited to invest in Cloudprinter.com," said Andrew Sorohan, Venture Director at u.ventures. "In our view, they have 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."
This pivotal round of funding propels Cloudprinter.com from startup to scaleup, with plans for an even larger funding round next year aimed at accelerating the company's already impressive growth trajectory.
"It's been a journey filled with challenges and triumphs," said Marta Stetsko, Managing Director at Cloudprinter.com. "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. We're ecstatic to have partners who share our vision."
Investing in Cloudprinter.com is more than a smart financial decision. The company operates a unique print-on-demand platform that comes with local and global print management tailored for large enterprises. Utilizing advanced APIs and cloud technology, the platform automates the entire print process from order to delivery. Currently offering local printing solutions in 104 countries, Cloudprinter.com connects businesses to a worldwide network of print service providers for efficient, cost-effective, and eco-friendly print solutions.
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