Printing services company Vistaprint has made its first investment in Latin America, purchasing a minority stake in online printing service Printi for $25m.
Vistaprint Brazil-based on-demand online printing serice Printi sold a minority stake to US-based printing services provider Vistaprint for $25m on Monday.
Printi, which raised $1.2m from angel investors in a seed round in 2012, allows customers to print everything from business cards to catalogues online. The company posted revenues of $3m in 2013, which are set to grow to around $10m this year.
The investment will be used to finance full-scale printing production operations in Brazil, as well as to support…
