What is Addmaster?
Founded in 1962 and headquartered in Monrovia, California, Addmaster Corporation specializes in the design, manufacturing, and sale of a diverse range of inkjet printers. The company's product portfolio includes specialized banking printers, such as teller receipt validation and color teller receipt printers, alongside color label printers, including those for prescription labeling. Addmaster also offers OEM printers for package coding and print mechanisms, serving critical applications in payment processing, kiosk printing, document processing, and package coding. Its extensive history and broad application base position it as a key provider in niche printing markets.
How much funding has Addmaster raised?
Addmaster has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
Key Investors in Addmaster
PPP
Public-Private Partnership
What's next for Addmaster?
With a substantial capital injection, Addmaster is poised for strategic expansion and technological advancement. The 'large-scale late-stage funding' suggests a focus on scaling operations, potentially enhancing its manufacturing efficiency, and exploring new market segments or product innovations. The 'major strategic investment' indicates a strong vote of confidence from its backers, likely aimed at solidifying its competitive edge in the specialized printer market and potentially driving further integration or development in areas like ballot marking and anesthesia labeling. This capital will be instrumental in navigating the evolving demands of its diverse client base.
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