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WeaveUp Completes Series A Funding with Strategic Investment from JOANN

Wednesday, January 22, 2020

Press release from the issuing company

Durham, N.C. – WeaveUp, a SaaS company focused on surface design customization and print room software for digital textile, today announced that it has received a strategic investment from JOANN, the largest retailer of fabrics and crafting supplies in the United States. Following the investment, JOANN Chief Financial Officer, Matt Susz will join WeaveUp‘s Board of Directors.

WeaveUp will use the capital to extend its lead in digital textile printing software and partner with JOANN on exclusive opportunities to help the retailer tap into the far-reaching potential of digital textile printing.

“With MyFabric, JOANN recognized our ability to create digital textile business opportunities and bring them to market quickly,” said Flint Davis, President of WeaveUp. “As digital textile printing continues to disrupt the $147B traditional printing industry, we see tremendous opportunity to reshape product development, supply chains and market responsiveness for brands and manufacturers in the textile industry.”

“We invested in WeaveUp for the same reason we partnered with them to launch our MyFabric offering – we believe in the digital future of textiles and in WeaveUp’s ability to help us capitalize on it to help customers find the perfect fabric and designs for their needs,” said Susz. “WeaveUp is in a unique position to help us leverage the power of digital printing to meet the increasing consumer demand for choice. WeaveUp’s innovative technology also helps clients decrease product development time and reduce inventory costs which is key for retailers.”

WeaveUp’s partners with industry-leading manufacturers and brands including JOANN, Budget Blinds, Koroseal Interior Products and Valley Forge Fabrics in the US and Continental, RA Irwin, Materialised and Skytex internationally. These companies use WeaveUp to provide custom digital solutions to retail, commercial, hospitality, healthcare and government clients around the world.

 

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