The company, which takes orders via the app and allocates them to local print shops for collection, or to its Huntingdon print partner B&H digital for delivery, said the funds would be used primarily to try and win new business.
While most of its business is B2C, Printt.com has partnered, among others, with stationery chain Ryman to offer click-and-collect services. The company also launched a B2B product in the spring of 2022, which features a central billing system and more detailed reporting.
Co-founder and CEO of Printt.com, Ruslan Khazarchiev, told Printweek that the investment was a welcome boost.
“The prime goal for us in the next six to 12 months is to grow the offering that we have,” he said.
“We’re going to be proactively marketing to more customers, [...] we’ll be using the funding to attract more business to the platform.
“And on the other side, we’re continuing to grow our network: that means more click-and-collect partners, more delivery partners in the UK.”
After the next 12 months, he added, the company will consider expanding into formats beyond A4.
The company, which has a team of four in the UK, and seven in the Bulgarian capital Sofia, turned over £1m last year.
When looking at potential printing partners, Khazarchiev said click-and-collect partners need to be conveniently placed for customers, to help cast a wide net for business.
“That’s one of the parameters we look at,” he said.
“Another one, obviously, is the size and ability to produce work securely and quickly.”
To this end, he added, Printt.com is currently in conversations with other national chains in addition to Ryman.
And while B&H’s Huntingdon print factory is more than capable of handling the firm’s delivery work for now, Khazarchiev said, in the longer term Printt.com would ideally take on more partners over the country as it grows.
“We really are agnostic, so we can work with [industrial printers] as long as they’re able to run our software and fulfil the jobs.
“We’ve already been approached by a couple of factories, and we are looking at the possibility of potentially using more local factories [...] for jobs that have been released for delivery in that area.”