Nigerian digital printing startup, Printivo, has closed on seed financing from early-stage technology venture capital firm, EchoVC Partner.
The one year-old Printivo, provides the only fully automated online print service for over 3,000 customers, providing local and international businesses with corporate stock collateral, such as business cards, letterheads and notepads, and has seen y-o-y growth of 200% since its launch in 2014.
Printivo has brought the innovation into Africa’s largest industry. Market-wide challenges for Africa’s print industry have historically included the high cost of printing, lack of graphic designers, poor customer service and time-intensive ordering practices, making top quality printing all but unaffordable for the super-majority of small businesses.
Olu’yomi Ojo, Printivo Co-Founder and CEO says,“In EchoVC, we have found an investor and partner who has a complete understanding in growing and scaling eCommerce businesses and who sees the enormous growth opportunity Africa’s print industry presents.”
Wale Ayeni, Investment Director at EchoVC Pan-Africa Fund adds: “The lightning speed at which Printivo has changed Nigerian SMEs’ print purchasing habits and built a customer base that runs into the thousands is impressive, and was a key driver in our decision to invest.