360imprimir, the first Portuguese online printing firm which promises to revolutionize SMEs marketing solutions, announced that it has secured €3 million of financing. The Venture Capital firm Pathena fully subscribed this Series A round. The investment will allow 360imprimir to further expand internationally, while continuing to develop its product scope.
The Series A financing culminated an excellent year for 360imprimir, which presented rapid monthly growth, consolidating its position in the Iberia market and achieved a successful entry into Brazil and Mexico. Founded in 2013, 360imprimir, through its proprietary intelligent aggregation software, offers its customers “fabless” digital printing, with the lowest prices in the market - a one-stop-shop for marketing products.
The investment will be crucial to evolve the company’s product scope, which aims to completely modify SMEs’ marketing solutions, optimizing the consumer’s experience and aligning off- and online strategies. According to Sérgio Vieira, the firm’s CEO “We started by printing, but we intend to completely modify SMEs’ marketing solutions. The fact that we utilize external idle capacity makes this process easier.”
Moreover, both the financial component and Pathena team deep experience in IT companies’ international expansion, will allow 360imprimir to further expand its presence in Latin America, while consolidating its Iberian Market.
For António Murta, Pathena’s Managing Partner, “360imprimir represents the worldwide challenge of digital printing in a “fabless” and self-service fashion (individuals, SMEs). Its growth pattern confirms the execution quality and work of the founders’ team.”
About Pathena Fund
Raised in 2013 by a group of entrepreneurs with solid experience in IT and financing industries and with a track record with a series of well succeeded international exits, Pathena Fund focus in Companies in the late early stage and growth, operating in the information technology and medtech sectors.
Founded in 2013, 360imprimir is a fabless online print-shop company providing physical marketing products to SME’s. The firm adopts a Marketplace Business Model based on its proprietary intelligent aggregation software. This allows following a cost leadership strategy, becoming the cheapest one-stop-shop for marketing products for SMEs. 360imprimir already proved its Business Model in Iberia and has recently started operations in Brazil and Mexico with considerable success.