RPI Closes on Financing for Company’s Continued Expansion
Seattle, Washington-based RPI, an automated manufacturing and fulfillment for the consumer make-on-demand printed products market, announced it has closed on a financing round with Huntington Capital, a San Diego-based capital provider. RPI will use the additional funds to introduce new services and technologies, such as a managed merchandise program targeting the placement of new products, and to provide access to technology platforms that will provide new opportunities for brand owners in the personal creative expression market.
Celebrating its 30th anniversary, RPI has produced millions of personalized products including photo books, invitations, business cards and stationery for top-tier retailers that represent over 40 percent of the total photo products market. HP recently recognized RPI as one of the top 10 producers of Indigo impressions in the United States, and as one of the top 20 worldwide.
“Through accelerated investment in growth initiatives and operational efficiencies, RPI is positioned to become the market leader in creating, designing and manufacturing personalized products to retailers and other brand owners,” said Dave Gens, RPI’s executive vice president.“Huntington Capital is very enthusiastic about this market and our plans for fueling its growth through new products and services, and together, we will make an unbeatable team.”
As RPI’s investment partner, Huntington Capital’s Tim Bubnack will join RPI’s board as a director, bringing more than 15 years of finance experience in the technology and communications industries. Bubnack previously served as a managing director at Silicon Valley Bank and in senior executive positions at Comerica Ventures, Inc. and Comerica Capital Advisors.
In the coming months, RPI will introduce new products and services targeting placement of personal creative expression products with existing brand owners. The company also plans to expand its patent pending technology to enable a geographically diverse manufacturing platform that will increase flexibility in exceeding brand owner’s expectations for quality and on-time delivery.