Inc. Magazine lists Printful as one of the fastest-growing companies in the US for the third year in a row
Aug 17, 2021
Charlotte, North Carolina—Printful has been ranked no. 1355 on this year’s Inc. 5000 list with a revenue increase of 352% during 2017–2020. The Inc. 5000 is an annual guide to the most successful privately held companies in the US. Companies are ranked according to the revenue growth percentage during the previous three years.
“This is Printful’s third year on the prestigious Inc. 5000 list, and I am proud that the hard work our team puts in daily has been recognized. Despite the challenges of 2020, we were able to continue the company’s global expansion. The increasing popularity of ecommerce is one of the main factors contributing to our growth, so we plan to continue improving our software and product range, developing a global production network, and, most importantly, expanding our team to strengthen our position as the industry leader,” comments Davis Siksnans, the CEO and co-founder of Printful.
The company has experienced exponential growth within the last year with its revenue increasing by almost 80% and reaching $208 million in 2020. In addition, Printful has invested $21.5 million in printing equipment and tech in 2020 alone, with the company’s total investment adding up to $57.2 million. This has allowed the company to fulfill over 36 million items since its start of operations in 2013.
Additionally, the company has announced new locations for upcoming production facilities in Texas, the UK, and Poland, as well as new partnerships with manufacturers in Brazil and Australia. On top of that, the Printful website is now also available in Portuguese and Italian, offering a total of seven languages to better serve customers all over the world.
Printful is an on-demand printing and fulfillment company that helps people turn their ideas into brands and products. The company fulfills and ships custom clothing, accessories, and home & living items for online businesses. In 2020 the company hit a revenue milestone that exceeded $200 million and has recently become the first unicorn company (valued at over $1 billion) with Latvian roots. Since its founding in 2013, Printful’s been trusted to deliver over 36M items and has scaled to a team of 1,800+ people across eight in-house fulfillment centers around the world.