NEW YORK--Sept. 19, 2007-- In a major move that will rapidly accelerate its technological advancement and new product development, Mimeo.com, the innovator of online, on-demand printing for business documents and marketing materials, announced today the completion of its $25 million round of financing.
Goldman Sachs Principal Strategies Group was the lead investor in the financing. Each of Mimeo's major financing shareholders including Draper Fisher Jurvetson, its New York affiliate Draper Fisher Jurvetson Gotham Ventures, Harbourvest, and Hewlett Packard participated in this round.
"As more organizations of all sizes have come to value the efficiency and quality of our online, on-demand product, Mimeo.com has become one of the fastest growing companies in the nation," stated Adam Slutsky, Chief Executive Officer of Mimeo.com. "With our growth has come increasing profits which has allowed us to organically fund our technological innovations and new product development. This funding enables us to further accelerate growth and development and thereby maximize long term value for our investors," Slutsky added.