Founded in 2013 by half a dozen young people – Sérgio Vieira, Jorge Correia, José Salgado, João Matias, Pedro Gaspar and Diogo Silva – 360imprimir wants to stop being known as an “online printing company” and become an Amazon for products and marketing services.
It started with the paper segment, such as business cards or “flyers”, followed by products such as notepads or ballpoint pens, and today it is already in the business of logistics packaging, personalized plates and cups.
The success of 360imprimir, which came to be called Bizay in international markets, quickly attracted national and international venture capital.
In September 2016 it closed an investment round in the amount of three million euros with the Portuguese venture capital Pathena, and in May last year one of the largest series B financing rounds achieved by a Portuguese start-up.
In the amount of 20.4 million dollars (17.5 million euros), the round was led by LeadX, the venture capital arm of the German retail group Metro, and accompanied by Pathena and the French company Omnes Capital, in addition to the state-owned company. PME Investimentos, which through the 200M Fund financed 360print with a maximum value of five million euros.
This Tuesday, September 29th, Abreu Advogados announced that it advised PME Investimentos, through its 200M Fund, in a new round of investment in this “e-commerce” platform based on a “fabless” business model and focused on ” do-it-yourself “.
“The 200M Fund, managed by PME Investimentos, participated in the co-investment with LeadX entities (Metro Group, Germany), Omnes Capital (France), Índico Capital (Portugal), Iberis (Portugal) and Pathena (Portugal), in a investment round with a value of up to 12.5 million euros “, said the same law firm.
With this investment, Abreu Advogados advances that “360imprimir starts a new recruitment phase, creating more than 100 qualified jobs, adding to the current approximately 200”.
The new investment “will also allow to leverage the company’s operations located in Torres Vedras and Braga, the entry into new markets in Europe and the United States, expand the product range and invest in technology and R&D”, highlights the same source .
The operation of Abreu Advogados was coordinated by its partner and responsible for the M&A area, Ana Sofia Batista, with the participation of contracted partner Rodrigo Formigal and senior associate André Modesto Pinheiro.