UK-based Moteefe secures £8 million credit facility from Espresso Capital
London — November 23, 2021 — Espresso Capital announced today that it has provided London-based Moteefe, the ecommerce platform providing infrastructure, customization, and global fulfillment for retailers of all sizes, with an £8 million credit facility. The company will use the capital to further enhance its platform and make strategic investments in its sales and marketing.
“With this non-dilutive financing from Espresso, we’re able to accelerate our efforts to expand our offerings, bringing best-in-class, print-on-demand enterprise solutions to market,” says Mathijs Eefting, CEO of Moteefe. “The next generation of our platform will be more agile and API led, enabling a variety of new expansion opportunities.”
Moteefe has developed a unique fully integrated supply chain platform leveraging leading on-demand suppliers worldwide to provide a wide variety of customized products. On-demand ecommerce has seen tremendous growth in recent years, with larger retailers becoming increasingly interested in the space. Moteefe’s end-to-end ecommerce platform enables anyone to set up an online store or offer customized products on their own site in minutes.
“We’re pleased to be able to provide Moteefe with the capital they need to accelerate their efforts to bring a leading enterprise print-on-demand solution to market,” says Espresso Managing Director Will Hutchins. “Mathijs and his team have a differentiated platform, are well-placed to capitalize on prevailing market trends toward customization and sustainability, and are backed by leading investors.”
“Working with Espresso is about more than just accessing capital,” notes Eefting. “In a very short period of time, we’ve developed strong relationships with the team there. It already feels like we’ve added a true partner to the business.”
Moteefe’s existing investors include BGF, Force Over Mass Capital, and Gresham House.
Moteefe, founded in 2015, enables brands and retailers of all sizes to offer unique and personalised merchandisable products within minutes. It is the only technology enabled end-to-end e-commerce solution to manage the entire production and fulfilment of high quality, on demand, customised products globally. Every order is produced and routed as close to the end-consumer as possible for cost and carbon reduction. With offices in London, Lisbon and Hanoi, and 20 fulfilment partners around the world, Moteefe is a Deloitte Technology Fast 50 and Technology Fast 500 EMEA company.
About Espresso Capital
Espresso empowers companies with innovative venture debt solutions. Since 2009, we’ve helped more than 300 technology companies and their investors accelerate growth, extend runway, and increase strategic flexibility with non-dilutive capital. Learn more at espressocapital.com.
Head of Marketing, Espresso Capital