Singapore-based online printing startup Gogoprint has raised $7.7 million in its Series A round led by Online Printing Group (OPG), the investor and partner behind Printi.com.br in Brazil. Other institutional and private investors also joined Gogoprint’s Series A round.
According to an official statement, the proceeds will be used to drive Gogoprint’s expansion into Australia, New Zealand and South Korea over the next 12 months. The company also plans to expand its head count to 155 from 125 currently. In the longer run, Gogoprint aims to be a marketplace for printing suppliers.
Gogoprint was founded and launched in Thailand in November 2015 by David Berghaeuser and Alexander Suess. Its companies are housed under a Singapore-based holding (Gogoprint Pte. Ltd.) and financially backed by international investment group OPG.
Gogoprint’s advisory team includes Mr. Kai Hagenbuch, former Managing Director of Heidelberger Druckmaschinen Brazil, the world’s leading producer of offset printing machinery.
“Gogoprint is seeing tremendous demand for our services from small and medium businesses across Asia-Pacific,” said David Berghaeuser, co-Founder and Managing Director of Gogoprint. “We are delighted to have the continued support from all existing investors who share our vision, to build the leading online printing business in Asia-Pacific. Moreover, their support allows us to accelerate our global expansion and product development, amid what’s been an incredible period of growth for our business.”
Founded in 2015, Gogoprint has worked with over 45,000 customers and printed 250 million products. Some of their clients include Honda, Lazada, Lion Air, Yamaha, Nanyang Technological University Singapore and Booking.com.
The company also claims to have experienced 200 per cent growth year-on-year in customer acquisition.
Kai Hagenbuch, Director at OPG said: “There are a handful of big-name online printers operating in the region. However, each of them has localised operations as they have been unable to truly expand regionally into Southeast Asia due to operational and market form factors.”