February 6, 2001
PrintingForLess.com, the leader in online sales of commercial printing, has completed a $500,000 Series A funding. Investors include Backfin Capital of Silver Star, MT and Erickson Capital of Portland, OR. In operation since 1996, PFL had previously completed an angel round.
PrintingForLess.com will use the funds to increase marketing and expand its infrastructure, which includes state-of-the-art digital prepress and printing facilities in Montana, as well as a network of co-sourcing partners nationwide, known as PFL-Net. A representative of Erickson Capital will receive a seat on the board of directors.
"The $100 billion U.S. printing industry has not yet begun to migrate online, despite many attempts," stated PFL President and founder Andrew Field. "Rather than being an intermediary, we sell directly to the small-business print buyer. We are changing the way people buy full-color printing. We feel that this funding round, on top of millions of dollars in sales, validates our model."
Based in Livingston, Montana, PFL has built the world's first e-commerce engine that enables business users to instantly price, configure, order, and proof full-color commercial printing completely online. PFL serves the small business market by specializing in high-quality printing from customer-created desktop publishing files, including many file types not normally accepted by commercial printers.
About Erickson Capital:
Erickson Capital, LLC is the investment subsidiary of privately owned Erickson Group, Ltd., located in Portland, Oregon. Erickson Capital makes early-stage investments in Northwest companies whose products or services have an Internet or technology focus. They can be reached at 4900 S.W. Griffith Dr., Beaverton, OR 97005.
About Backfin Capital:
Backfin Capital, based in Silver Star, Montana, concentrates on Montana-area ventures. They can be reached at email@example.com or PO Box 735, Silver Star, MT 59751
Contact Person: Andrew Field, President