CHILI publish Secures Additional €3,625 Million to Spur Worldwide Growth
Thursday, March 21, 2019
Press release from the issuing company
Volta Ventures, Pamica and Group MC reinvest in CHILI publisher, artwork and marketing collateral creation solution, to further accelerate its growth in marketing and packaging markets worldwide
Aalst, Belgium – CHILI publish (www.chili-publish.com), creator of market-leading software for smart artwork and marketing collateral creation, has raised an additional round of funding from its original investors Volta Ventures, Pamica and Group MC. The €3,625 million investment will be used to double the size of its teams in Belgium and the U.S. to 85 people.
Belgian ingenuity eyes global marketing domination
The initial funding provided by Volta Ventures, Pamica and Group MC in 2017 enabled CHILI publish to double its recurring revenue. Now the investors stepped up with another round of funding to further accelerate the company’s growth, a sign of their confidence in the innovative and market-leading nature of the CHILI publish solution.
Kevin Goeminne, CEO of CHILI publish, explains: “We started in Europe, but the U.S. is also taking a special interest in our solution. As business expands, we want to have the right level of resources in place to take care of our customers and partners around the globe. At the same time, we want to make sure our team has the right resources and support to continue to perform at the highest levels.”
Less work, more jobs
Goeminne elaborates: “This is just the tip of the iceberg. Our solution is going from niche to mass thanks to all the applications our customers and partners are creating and the results they are achieving. In expanding our European and U.S. teams, we’re looking for high-end professionals, including a Global VP of Sales as an addition to our executive team. These enthusiastic experts will help us seek and seize all opportunities, new and existing ones.”
Goeminne points out that CHILI publish develops, brands and markets its technology in-house. “That calls for consistent and continuous dedication to the highest standards,” he says. “Our customer base, partner range, and market scope are continuously expanding – we are currently recruiting 35 people in Aalst and 10 in Chicago. Brands and partners everywhere need us, so we’re staffing up to meet that need. With the right additional people on board, I’m confident we can further expand our technology, conquer new markets and achieve our company mission of shaping tomorrow’s graphics.”
Michel Akkermans, Board Member, speaks for all investors by summarizing: “Every euro of the previous investment was leveraged into substantial increases in sales, customers, partners and human capital. The company is eager, the plan ambitious and the solution mature. CHILI publish is growing substantially, and we believe in the market need for the solution. We’re confident this next funding round will help us take advantage of the untapped market potential of this technology and enhance the enthusiasm level of the people behind it.”
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