CanvasPop Raises $3.3 Million in Funding

Staff

7 years ago

CanvasPop Raises $3.3 Million in Funding

CanvasPop, a leading provider of canvas printing and photo gifting services, announced that it has raised $3.3 million in a funding round led by Celtic House Venture Partners and BDC’s Growth & Transition Capital Group. Canadian entrepreneur and philanthropist Richard L’Abbé also participated in the round.

Ottawa-based CanvasPop, which was founded in 2009, offers online photo printing services. Its platform allows anyone to print virtually any image, including Instagram, Facebook and iPhone pictures, via CanvasPop’s printing and dedicated distribution facilities in the United States and Canada.

“We’re using this capital to continue expanding our market share and help compete with incumbents such as Shutterfly, Snapfish, Framebridge, Circle Graphics, Art.com, Mixbook, Vistaprint, Photobox, Picanova and many smaller players in a highly fragmented market,” said Adrian Salamunovic, co-founder and chief innovation officer of CanvasPop. “Ultimately, we will be focusing on growth and innovation in a space that has not seen a lot of innovation. This will include investments into new product categories and streamlining operations, and M&A.”

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