This is for my nephew Alex Love, he needs to see this and this is a way that I can test this re-blogging thing out. I am always testing even if I don’t post a blog about it so bear with me.
Fast-growing custom apparel startup Teespring, which is backed by nearly $57 million from Andreessen Horowitz, Khosla Ventures and others, is making a move to expand its footprint globally through the strategic acquisition of European apparel platform Fabrily.
Headquartered in London, Fabrily has been operating for nearly as long as Teespring, offering its mainly Western European-based customers a very similar service that allows them to design their own t-shirts, create a campaign to fund them, while order fulfillment and payments are handled by its service.
Terms of the deal were not disclosed, but Teespring co-founder and CEO Walker Williams describes it as an “attractive offer” for the self-funded European startup.
Williams also clarifies that global expansion through acquisition wasn’t a part of Teespring’s overall strategy, but rather that decision came about more serendipitously. “We knew we would go to Europe eventually,” he says, but didn’t feel that Fabrily was a direct competitor…
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