Teespring, the online custom T-shirt company headquartered in Providence, announced today that it has raised $35 million in new funding. The influx of cash will help the company to expand its efforts to produce, sell, and ship T-shirts and sweatshirts online, and enable them to expand their list of current merchandise beyond just T-shirts and sweatshirts.
Teespring is an online platform that allows anyone to design and then sell custom-designed clothing through its website. Basically a Kickstarter for custom clothing, the company does not take any money upfront and only charges a fee, as part of the total cost of each shirt, once a number of “backers” for a given shirt campaign is reached.
The company has drawn the attention of quite a few prominent Silicon Valley tech heavyweights including venture firm Andreesen Horowitz, who led the company’s $20 million round of funding earlier this year, and Khosla Ventures, who was at the helm of the $35 million Series B announced today.
The company has delivered more than 6 million products to over 80 countries since launching in 2010. Teespring’s founders attended Brown University in Providence, and also took part in the city’s accelerator program, Betaspring, before bringing Teespring to the Y Combinator incubator in Northern California.
Teespring founder Walker Williams said that the company is looking to democratize commerce and be a resource for entrepreneurs. “We empower anyone who is entrepreneurial to make products for passionate audiences with the same quality and economies of scale of a major retail brand,” Williams said in a statement.
In addition to the funding, Teespring announced that it will be building its own production and fulfillment facility in Hebron, Ky.
The new plant will help the company expand its manufacturing and logistics capabilities, to a wider array of custom-designed merchandise, beyond T-shirts. In addition to its base in Providence, and the new facility in Kentucky, Teespring also has a large office in San Francisco.