FSP advises FSE on Printspace Investment
Corporate partner Penelope Garden has advised The FSE Group on their £200,000 investment into a West Sussex online platform for storing, selling and printing fine art and photography has received a £200,000 equity investment as part of a £1.25m funding round. The investment will help the company increase their production facilities in the UK, Europe & The United States.
Launched in 2007 to provide high end printing services to the professional fine art community, Printspace is the leading online fine art and photographic platform in the UK. The platform has attracted over 50,000 users and had 1 million images uploaded. All printing can be ordered from the online platform with 100% colour match ability and allows users to specify the exact size, quality and paper requirements, as well as block mounts and frames, with orders then processed and despatched from their printing facility.
With the online fine art market rapidly growing Printspace developed the proprietary CreativeHub software, as Printspace CEO & Founder Stuart Waplington explains, “PrintSpace is a printing powerhouse with each item receiving a signed certificate of authority whilst CreativeHub is the inhouse software platform for artists which allows for the storing, sharing, networking and selling of artwork. CreativeHub links seamlessly with the e-commerce platform Shopify’s front end, giving artists the ability to earn additional income from their images. As well as focusing on the increase in production facilities, this investment will allow us to scale up the CreativeHub service with the introduction to mobile functionality and AI drive file organisation.”
Avent Bezuidenhoudt, Senior Fund Manager at The FSE Group, comments: “We are delighted to be supporting Printspace as they expand into the European and North American market. When combined, these markets are 14 times larger than the UK and will be the perfect launchpad to drive the business forward. The company already has an impressive client list, including The British Journal of Photography, The Royal Photographic Society, The World Photography Organisation and The Barbican. With the expansion plans in place the company is well placed to continue their growth journey.”
The FSE Group manages funds on behalf of public and private stakeholders, providing debt and equity finance, ranging from £25k to £2m. The FSE team focuses on business potential and works alongside entrepreneurs and SME business owners to help them achieve their growth ambitions.