Two Latvian companies created by Latvia appear in the prestigious American business magazine "Inc." created by the 5000 fastest growing companies on August 14th. Printify ranks 24th, Printful ranks 564th, reported by both companies. Inc.5000 is a list of US private companies, first created in 1982 and has become a sign of business success.
"Inc." top of the magazine is based on company turnover data from 2015 to 2018. To qualify for the list, the minimum turnover should have reached at least $ 100,000 in 2015 and $ 2 million in 2018. Freestar, an Arizona-based marketing and advertising company, ranked first in this year's list with an increase of 36680%. Inc.5000 also hosts an awards ceremony in Arizona to commemorate the achievements of the companies listed.
Printify.Inc has grown 7926% over the last three years, ranking it # 1 in the fastest growing group in San Francisco, # 2 in technology companies, and # 5 in California, where Printify was born in 2015, Janice Berdigans, Artis Keris and Gathis Ducurs. "The key to Printify's rapid success lies in its combination of business idea, customer focus and a unified, results-oriented team. Growth is our main focus, "Berdigan says.
Draugiem Group's printing group ranked 564th with 786% growth. Similarly, Printful first publishes its financial publications, Printful Inc. and JSC Printful Latvia total $ 77 million in 2018, up from $ 46 million in 2017. "Printful's finances have grown by almost 70% since last year. To continue this growth, we plan to expand into new markets by opening offices and manufacturing facilities, as well as continuously developing new products and integrations," he says Davis, co-founder and CEO of Printful Siksnāns. Print prints and manufactures order products in the ecommerce store and ships them.
The Latvia-based subsidiary of Printify.Inc is Printify Development Ltd., which employs more than 90 employees from 15 countries. In 2018, the company's total sales reach $ 10.5 million, and in 2019 it is projected to reach $ 30 million. Kehris says that while the company's online stores are primarily registered in America, the entire Printify team is based here in Speakers, Riga, and is also growing rapidly and plans to add to this summer.
Printful Inc. is an American outsourcing printing company that is part of the Latvian company Draugiem Group. Printful Latvia AS is Printful Inc. a Riga-based subsidiary providing software development, marketing, customer support, market research and financial services. Printful Inc. works for the North American market with divisions in the US (Los Angeles, California and Charlotte, North Carolina) and Mexico (Tijuana). European orders are provided by the Latvian subsidiary Printful Latvia. To grow faster in Spanish-speaking countries, the company opened an office in Barcelona this summer. Printful is a privately owned company owned by Lauris Liberts and Agris Tamanis, founders of Draugiem Group.
The headquarters of Printful and the European plant, which employs a team of more than 250 people, will continue to be in Latvia, the company promises. Currently, more than 600 people work worldwide. Printful has so far printed more than 11.5 million products, while customers have sold more than $ 540 million (€ 478 million).
"Inc.com" a list of fastest growing US companies is available here.