SOFTBANK Venture Capital's Technology Fund Leads iPrint.com Series C Funding; Heidi Roizen Joins iPrint.com Board of Directors

Business Wire, Oct 13, 1999

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Oct. 13, 1999--

iPrint.com, the leading online print shop at http://www.iPrint.com, today announced that SOFTBANK Venture Capital, which manages venture capital funds focused primarily on early-stage Internet companies, is the lead financier for its $20 million dollar Series C funding.

iPrint.com has raised $31 million dollars since launching in 1997.

AT&T Ventures also participated in the Series C round, as well as existing shareholders, including Intel Corporation, Canaan Partners, ITV (Information Technology Ventures), the Robertson Stephens partner fund, and DawnTreader LP, the venture fund founded by Robert Lessin, CEO of Wit Capital and former vice chairman of Salomon Smith Barney.

"We are obviously thrilled to have the top global Internet investment fund leading our Series C financing," stated Royal P. Farros, CEO and Chairman of iPrint.com. "SOFTBANK's incredible depth of experience and broad industry presence will prove invaluable as we innovate one of the largest traditional businesses on the planet."

Heidi Roizen, managing director for SOFTBANK Venture Capitals current technology fund, and one of the most respected executives in high technology, will join iPrint.com's Board of Directors.

"iPrint.com is clearly the leading online print shop in this huge $23 billion printing space," said Roizen. "With a large base of customers, strong technology, and terrific strategic partners like 3M, Kinko's, OfficeMax, and Sir Speedy, we're excited to help iPrint.com achieve their aggressive domestic and global goals."

iPrint.com has created easy desktop publishing on the Internet and integrated a network of highly qualified printers on the backend for fulfillment. iPrint.com is a fast and cost-effective way for businesses and consumers to order a wide range of business stationery products, ad specialty promotional items, and gifts at prices that are up to 50 percent less than those charged by traditional print shops.

About SOFTBANK Venture Capital

SOFTBANK Venture Capital (SOFTBANK VC) manages venture capital funds focused primarily on early-stage Internet companies. SOFTBANK VC's technology fund directors are all experienced technology leaders with prior operating experience as founders of early-stage companies, senior managers of major technology corporations, and leaders in investment banking.

SOFTBANK VC's past and current portfolios include public Internet companies such as Critical Path, E-LOAN, GeoCities, Interliant, MessageMedia, Net2Phone, and TheStreet.com.

Heidi Roizen, managing director for SOFTBANK Venture Capitals current technology fund and director, iPrint.com, is also a director of Great Plains Software (Nasdaq:GPSI), Preview Systems, and Softbook Press.

Roizen's 20-year technology career includes 13 years as the CEO of T/Maker, a successful software developer and publisher, and one year as Apple Computer's Vice President of Worldwide Developer Relations. She has been recognized as one of the 100 most influential people in the microcomputer industry by MicroTimes, Personal Computing Magazine, and Upside Magazine.

About iPrint.com

iPrint.com, a privately held company, is the leading online print shop. iPrints strategic partners include numerous Fortune 500 companies including Kinkos, OfficeMax (NYSE:OMX), Sir Speedy, and 3M (NYSE:MMM).

Founded in 1997, iPrint was recently distinguished with an "Innovation in Print" award by CAP Ventures, a leading print research firm, and was included on Upside Magazine's prestigious HOT 100 list of e-commerce companies. iPrint.com can be reached at http://www.iPrint.com.