PrintingForLess.com Lands $500,000 Series A Funding
Press release from the issuing company
2/11/01 - PrintingForLess.com, (PFL) the leader in online sales of commercial printing, has completed a $500,000 Series A funding. Investors include Backfin Capital of Silver Star, MT and Erickson Capital of Portland, OR. In operation since 1996, PFL had previously completed an angel round.
PrintingForLess.com will use the funds to increase marketing and expand its infrastructure, which includes state-of-the-art digital prepress and printing facilities in Montana, as well as a network of co-sourcing partners nationwide, known as PFL-Net. A representative of Erickson Capital will receive a seat on the board of directors.
"The $100 billion U.S. printing industry has not yet begun to migrate online, despite many attempts," stated PFL President and founder Andrew Field. "Rather than being an intermediary, we sell directly to the small-business print buyer. We are changing the way people buy full-color printing. We feel that this funding round, on top of millions of dollars in sales, validates our model."
Based in Livingston, Montana, PFL has built the world's first e-commerce engine that enables business users to instantly price, configure, order, and proof full-color commercial printing completely online. PFL serves the small business market by specializing in high-quality printing from customer-created desktop publishing files, including many file types not normally accepted by commercial printers.
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