Penny Black secures £1.5m in seed funding from AGFA and ninepointfive to accelerate growth.
AGFA and ninepointfive have backed the ecommerce technology pioneer in its latest funding round.
Penny Black provides marketing technology that transforms standard ecommerce parcels into personalised experiences. The platform connects online stores with fulfilment centres to print tailored inserts on demand.
Penny Black has raised £1.5m in seed funding to support its ongoing expansion. The investment was supplied by AGFA and ninepointfive, building on an earlier backing from the same participants last year. The capital will be directed towards furthering product development as the business scales its footprint across the UK and Europe. The firm provides software that integrates ecommerce stores with warehouse management systems to automate tailored print materials during the unboxing process.
From the founder
"The moment consumers open their order will be an opportunity for brands to entice and retain consumers, helping them drive more revenue from existing customers,"
Douglas Franklin
CEO at Penny Black
Use of funds
- 01Continue product development
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About the company
Penny Black
Penny Black provides marketing software that helps ecommerce brands personalise physical customer deliveries.