Data Point Capital leads $4.25 mln Series A funding in Print Syndicate
Data Point Capital has led a $4.25 million Series A funding in Print Syndicate, an apparel and home goods e-commerce company. Other investors in the funding round include Lightbank Capital,Vegas Tech Fund, CNF Investments and TechColumbus.
Print Syndicate, a leading apparel and home goods e-commerce company, today announced that it closed a $4.25 million Series A funding round led by Data Point Capital, the fund started by Shoebuy.com founder and online retail expert Scott Savitz. Also joining in the round is Lightbank Capital, started by Groupon founders Eric Lefkofsky and Brad Keywell, and Vegas Tech Fund, created by Tony Hsieh, known for building Zappos into the internet mega-store ultimately purchased by Amazon. Additional investors include CNF Investments and TechColumbus. The new capital will be used to fuel Print Syndicate’s rapid growth, production capacity and build out the senior management team as the company marches toward projected 300 percent year-over-year growth for 2014.
Print Syndicate’s “Just in Time Model” leverages real-time design based off of social media trends to develop its products. The company’s internal social media experts spot these trends before they go viral and quickly turn them into art for apparel and home goods that reflect consumers’ pop culture passions, and desire for original expression.