Greetz raises €7 million

"Print on demand" greeting card company, Greetz raises €7 million

Financial trends and news by Chris Caceres
March 17, 2009 | Comments
Short URL: http://vator.tv/n/76d

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 Sometimes you find that perfect birthday card for your best friend in a matter of seconds.  Sometimes you search endlessly for hours and never find a card that is, just right.  Why not make it yourself online?

Greetz, an online personal greeting card company, has raised €7 million, ($9.1 million) in VC funding.  The funding comes from Prime Technology Ventures and ePlanet Ventures, according to peHub.  

Currently, Greetz is solely a European based company.  Headquartered in the Netherlands, Greetz services span throughout the UK, France, Germany and The Netherlands.  

Greetz, was founded in 2004 by Johan van Vulpen and Simen Schimmel.  Their concept was a “print on demand” variant of the traditional greeting card.   How it works is quite simple.  Upload a photo or choose from the Greetz catalog, add a personalized message, enter the recipients address and send.  Hallmark Benelux, the Netherlands version of Hallmark, teamed up with Greetz to expand further throughout Europe.

As of August in 2008, Greetz reported that 5 million cards had been sent so far using its services.  With this funding round, Greetz plans to use the cash to further expand its services.   Currently, Hallmark offers the same, “print on demand” service, here in the U.S.

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