MadeToOrder.com, Inc. Secures $4 Million Dollars in Additional Funding
Press release from the issuing company
SANTA CLARA, Calif., Dec. 3, 2002 -- MadeToOrder.com(tm) Inc. (MadeToOrder), a leading provider of online and offline corporate branding solutions, today announced that it has received commitments for additional venture capital financing of over $4 million dollars. The funds will be used for working capital, business expansion, and new technology development. The round is being led by Alloy Ventures of Palo Alto, California.
"MadeToOrder.com continues to be an attractive investment for the venture community," commented Ferrell Sanders, a partner with Alloy Ventures. "Their recent acquisition of the iPrint.com technology platform, and their successful recruitment of the Wood Alliance sales team positions them as a clear leader in the promotional products marketplace."
MadeToOrder.com recently announced it has acquired substantially all of the assets of iPrint Technologies and Wood Alliance, including the iPrint.com technology platform and the Wood Associates brand name.
"We are delighted to receive this strong vote of confidence from our investors. This additional funding will give us one of the strongest balance sheets in the industry, and the funding we need to be a strong partner for our customers and our vendors," remarked MadeToOrder.com Founder, Chairman & CTO, Brett A. Walter.
MadeToOrder.com's additional investors include Nexus Group, Charter Venture Capital, Alpine Technology Ventures, Crescent Venture Investors, Band of Angels LP, and Sara Lee Corporation.
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