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Young Portuguese firm moves into British market

A fast-growing Portuguese start-up is moving into the British market after receiving an €18.9m (£15.6m) investment.

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Sérgio Vieira, chief executive officer of 360 onlineprint

360 onlineprint currently has a 60% share of the Portuguese online market, with a portfolio of over 400 products within seven ranges (small-format, large-format, stamps, magnets, gifts, textiles and design services).

Commenting on the company’s “rapid growth”, Hugo Neto, technology director, says: “360 onlineprint is an innovative, technology-based company, therefore we always pay close attention to the latest trends in matter such as performance, scalability, automation, artificial intelligence or augmented reality. It’s in our DNA and it’s what makes us unique.”

Whilst maintaining a consolidated presence in Portugal, Spain, Brazil and Mexico, the firm has also entered other new markets including Germany, Austria, Belgium, Canada, the United States, Finland, France, Holland, Italy, Ireland, Norway, Poland, Czech Republic, Switzerland and Sweden.

The funding is one of the largest in Portuguese history and the five-year-old company plans to use the investment to extend its range of products and invest in technology and research and development, as well as employ a further 100 staff members.

Now that we have a solid platform, an extended range of products and we have expanded our team, we are confident that now is the right time to enter these markets

One priority defined for the next three years is to increase its selection of products to 20,000, including products such as bags, packaging and consumables.

“Now that we have a solid platform, an extended range of products and we have expanded our team, we are confident that now is the right time to enter these markets,” says Sérgio Vieira, chief executive officer of the company. “This investment round has given us the necessary support to take this big step.”

Now the company has the means to move into the British market, it is seeking production partners in the UK. Whilst 360 onlineprint can already serve UK small to medium enterprise customers, it now wants to partner with UK printers to bring down turnaround times and meet the pricing levels it wants to achieve.

The investment round was led by LeadX Capital Partners, a brand by Hospitality Digital based in Düsseldorf, and accompanied by Omnes Capital (France), Pathena (Portugal) and the 200M fund, which is managed by PME Investimentos and co-financed by the European Union, through funds from the European Regional Development Fund.

If you have any news, please email carys@linkpublishing.co.uk or join in with the conversation on Twitter and LinkedIn.

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