20.11.2020 - Startups, Companies

Printful ranked 254th fastest-growing company in North America

Printful ranks #254 on Deloitte’s Technology Fast 500, a ranking of the 500 fastest-growing public and private companies in America focused on technology, media, telecommunications, life sciences, and energy technology.

Technology Fast 500 award winners are selected based on their percentage fiscal year revenue growth from 2016 to 2019. During this period, Printful turnover grew 441%.

Printful CEO Dāvis Siksnāns attributes the fast growth of the company to the tech solutions it provides for ecommerce business owners. Because of Printful’s print-on-demand model, customers can start an online business with little to no upfront cost.
Siksnāns says other factors that contributed to Printful’s growth are the overall growth of the ecommerce industry, regularly adding new products to its catalog, and expanding quickly to new locations.

“Our fast-growing tech team has been a crucial component in expanding our operations globally at this pace. We’re honored to be recognized among the fastest-growing companies in North America,” Siksnāns says.

To make the Deloitte’s Technology Fast 500 ranking, companies must own proprietary intellectual property or technology that’s sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must also have base-year operating revenues of at least $50,000 and current-year operating revenues of minimum $5 million. Additionally, companies must be in business for a minimum of four years and be headquartered in North America.

Printful is an on-demand printing and warehousing company that helps people turn their ideas into brands and products. The company fulfills and ships custom clothing, accessories, and home and living items for online businesses and individuals. Since its founding in 2013, Printful has been trusted to deliver more than 23 million items. The company hit a revenue milestone of $116 million in 2019, and has scaled to a team of 1,400+ people across eight fulfillment centers around the world.

Source: www.labsoflatvia.com 

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