CustomInk Expands Financing Agreement with ORIX Ventures
CustomInk, Fairfax, Va., has announced the expansion of a credit facility from ORIX Ventures, Hartford, Conn., that will give the company enhanced financial capacity to grow, support new business ventures, and take advantage of market opportunities over coming years.
"Over the past 15 years, our passion has been to bring people together through the power of custom T-shirts," said CustomInk CEO Marc Katz. "We see lots of opportunity to help all types of groups, teams, and companies build their sense of a community, and this financing will help us continue to grow our core business while investing in new initiatives like Booster and Pear, our fundraising and sponsorship platforms."
"CustomInk is a pioneer in technology-enabled commerce, and the management team's execution and ability to scale rapidly solidifies CustomInk's leadership position in the space," added Jeff Bede, managing director and co-head of ORIX Ventures. "The opportunity for us to provide meaningful follow-on capital aligns well with the company's road map and further emphasizes our commitment as a long-term capital partner."
For more information on CustomInk, visit www.customink.com.