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Greetz Attracts 7 Million Euro for Further Growth

March 17th, 2009 by Social Guy

 

Greetz

Greetz, the online personalized, printed and posted greeting card service has attracted new capital for further growth. ePlanet Ventures together with existing shareholder Prime Technology Ventures have jointly invested substantial new capital in the company. With this capital Greetz can strengthen its position in the Dutch market and realize its international ambition, to become the market leader in personalized, printed and posted greeting cards through the Internet.

Since 2004 Greetz has built a strong position in the Dutch greeting cards market. In the Netherlands, Greetz is market leader in the field of online personalized, printed and posted greeting cards, and with this additional capital, the company will be able to increase the familiarity of the brand. Greetz is also now active in France, Germany and the United Kingdom. The new funds will allow Greetz to expand and further strengthen its position in these markets.

“Greetz model and this investment provides us with the financial power to invest and further roll out of our concept,” stated Johan van Vulpen, Greetz CEO.

Greetz has grown strongly in recent years. In 2008 Greetz sent more than 3.2 million greeting cards and acquired Kaartenhuis, the largest e-card site in the Netherlands. In 2008 this ensured that Greetz ranked third in the Dutch Deloitte “Technology fast 50″, a listing in which fast growing Dutch technology companies are mutually compared. Furthermore, the existing IT platform was renewed and its flexibility increased. Moreover, the management was strengthened and new activities started in the United Kingdom, France and Germany.

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