Printeurope Closes Financing Round with Several New Investors
Wednesday, March 07, 2001
Espoo, Finland, March 5 - Printeurope, the leading provider of collaborative commerce systems for the printing industry, has received a €3 million capital injection fromexisting and new investors. New investors include Digital Mountain AG and BureEquity AB. "I am delighted to see many new world-class names join ourcompany. This is a proof of our strong business concept and will provide a basis foraccelerated growth in existing and new markets”, said Teppo Paavola, Founder and CEO of Printeurope. Printeurope launched release 2.5 of Printeurope Professional,Printeurope Print Manager and Printeurope Procurement services in February. These newservices further reduce the effort required to manage complex printingprojects. Printeurope also brings a new collaborative commerce platform to themarket in March. Printeurope Printer WebShop will 'web-enable' the printer and make it possible for the printer to work together with all of theircustomers in a more efficient and easier manner. Bure Equity is a growth and knowledge company, which focuses oninvesting in, developing and structuring companies which have the potential to become leading enterprises in their respective sectors. The investments areconcentrated on unlisted companies within the TIME sector, i.e. Telecom, IT, Media andE-knowledge. Bure Equity was established in 1993 and is quoted on the A list of theOM Stockholm Exchange. Digital Mountain is an early stage VC-firm based in Munich, Germany,with the objective of investing in innovative Internet related businesses inGermany, Scandinavia, France, and Spain, to facilitate these businesses in their establishment and growth throughout Europe. Digital Mountain, and its sistercompanies CEA Communications Equity Associates GmbH and TransConnect AG, arecurrently managing approximately 25 investments in Europe and have established strongEuropean alliances of partnering VC-firms.