iPrint.com Raises Second Round Funding

Business Wire, March 1, 1999

REDWOOD CITY, Calif.--(BUSINESS WIRE)--March 1, 1999--iPrint.com (http://www.iPrint.com), the leading online print shop, today announced that it has secured $7.5 million dollars in Series B funding, bringing the total amount raised since its founding to $10.8 million dollars.

Leading the Series B round is Canaan Partners, a national venture capital investment firm. Also included is Information Technology Ventures (ITV) and DawnTreader LP, the venture fund founded by Robert Lessin, CEO of Wit Capital and former vice chairman of Salomon Smith Barney.

A handful of high-profile industry investors are also participating, including Jerry Kaplan, co-founder and CEO of Onsale.com (Nasdaq:ONSL), and the Robertson Stephens and Co. partner fund, Bayview.

"Lining up such prestigious second-round investors -- especially investors with as much e-commerce clout our Series B participants," commented Royal P. Farros, chairman and CEO, "underscores the huge opportunity iPrint.com has in revolutionizing the commercial and quick printing industry."

Visitors can create, proof, and order all professionally printed items at iPrint.com, including business cards, stationery, labels, invitations, rubber stamps, business forms, even personalized Post-it(R) Notes, photo t-shirts, mouse pads, and coffee mugs.

"We give visitors the ability to create so many more products versus traditional brick-and-mortar print shops ... in fact, we're probably the only print shop in the world that will let you personalize your own set of golf balls," added Farros. "We believe iPrint.com will do for the printing industry what Amazon.com did to book buying, allowing us to ignite a whole new wave of e-commerce buying."

About iPrint.com

iPrint.com, a privately held company with an existing strategic investment from Intel Corporation (Nasdaq:INTC), is the leading print shop on the Internet and the primary supplier of online kiosk systems to the commercial and quick printing industry. iPrint strategic partners include 3M, OfficeMax (NYSE:OMX), Sir Speedy, and other Fortune 500 companies.

Founded in 1997, iPrint has won dozens of awards, including the prestigious CommerceNet VIP Award for E-Commerce. iPrint.com can be reached at http://www.iPrint.com or 650/298-8500.