ORIX Ventures recently announced the expansion of a credit facility to CustomInk, the leader in custom apparel for groups and occasions. The added funding will give the company significant financial capacity to grow, support new business ventures and take advantage of market opportunities over coming years.
“Over the past 15 years, our passion has been to bring people together through the power of custom T-shirts,” said CustomInk CEO Marc Katz. “We see lots of opportunity to help all types of groups, teams and companies build a sense of community, and this financing will help us continue to grow our core business while investing in new initiatives like Booster and Pear, our fundraising and sponsorship platforms.”
Since its founding in 2000, CustomInk has grown to be the leader in custom apparel for groups and occasions. CustomInk employs more than 1,300 people nationwide and has opened or expanded four new facilities around the country in the past year. CustomInk was named the No. 1 workplace in retail in 2014 by Fortune magazine and Great Place to Work’s Great Rated!
“Customink is a pioneer in technology-enabled commerce and the management team’s execution and ability to scale rapidly solidifies Customink’s leadership position in the space,” said Jeff Bede, Managing Director and Co-Head of ORIX Ventures. “The opportunity for us to provide meaningful follow-on capital aligns well with the company’s road map and further emphasizes our commitment as a long-term capital partner.”