Peecho Completes $750K (€570K) Funding Round Led by Peak Capital and DHG Holding

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Investment will bring to market groundbreaking Cloud Print Button, a free service that allows anyone to sell their digital content as a physical product

Peecho logo

Peecho logo

The Peecho team has developed a powerful technology that is destined to revolutionize the space of digital content printing and selling.

Peecho (http://www.peecho.com), a free service that allows anyone to sell their digital content as a physical product, announced today that it has closed an initial funding round of $750K (€570K euros) in an investment led by Peak Capital and DHG Holding, B.V. Peecho will leverage the new funds to bring its technology to market, drive global sales and partnerships, and scale its free embeddable Cloud Print Button that allows digital content owners to sell professionally printed products from their application or website, and make a profit with every sale.

“Peecho allows anyone who runs a website or application to create their own print button in just a few minutes and connect directly to a global cloud print network of professional production facilities,” said Martijn Groot, CEO and co-founder of Peecho. “Website visitors can now buy digital content - as a physical product like photo books, magazines, canvas prints, licensed merchandise, and more. There is no minimum order volume or investment required, and digital content owners set their own price and collect the profits. It’s that easy.”

Peecho’s technology has been in development since early 2010, and the company won the “Best Business Model” award at 2010 TheNextWeb Conference, a leading annual European technology conference held in Amsterdam. Peecho spent the second half of 2010 perfecting its infrastructure and in Q2 2011 launched its Cloud Print Button – an embeddable print button or the “Facebook Like for Cloud Printing” with flagship launch customers including Kodak Gallery.

“Online content and data continues to grow exponentially, and digital content owners and consumers alike will need tools that allow them to derive real value from available online content,” stated Marco Geeratz, Partner at DHG Holding. “The Peecho team has developed a powerful technology that is destined to revolutionize the space of digital content printing and selling.”

The global launch of Peecho’s Cloud Print Button is also perfectly timed with the market according to a recent report from Forrester Research: “Consumers want access to digital content and services across their connected devices, anytime, anywhere – and are increasingly embracing virtual ownership models that provide access to vast libraries of content, services, and products under subscription, usage, and other ownership models. eBusiness leaders charged with monetizing their firms’ catalog of digital content, software, or online services must find digital commerce solutions that allow flexibility to trial alternative business models while supporting fulfillment across multiple consumer touch points.”

“Our investment in Peecho highlights the enormous potential the company has, and our commitment to working with talented entrepreneurs and co-investors,” added Johan van Mil, Partner at Peak Capital. “The caliber of people participating in this deal reflects both Peecho’s outstanding, disruptive Cloud Print product and its management team.”

About Peecho
Peecho is a free service that allows anyone to sell professionally printed products from their application or website, and make a profit with every sale. Customers simply sign up, get the print button code and embed it in their website. Visitors can then buy digital documents or images as photo books, reports, magazines, canvas prints, and more. An API is also available.

Founded in November 2009, Peecho is a privately held company based in Amsterdam and backed by Peak Capital and DHG Holding, BV. Follow Peecho on Twitter or learn more at http://www.peecho.com.

About Peak Capital
Peak Capital is a leading Dutch venture capital firm focused on early stage investments in the technology, media and communications sectors. Peak Capital approaches investments from a business perspective rather than a banking perspective, and its partners have more than fifty years of extensive, collective knowledge of the tech, media, internet and communications markets. Learn more at http://www.peakcapital.nl.

About DHG Holding B.V.
DHG Holding is an independent holding and venture capital company focused on providing capital knowledge and partner expertise to startups and early stage companies in the media, marketing, online, printing and communication sectors. Learn more at http://www.dhgholding.nl.

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