What is Addmaster?
Addmaster Corporation, headquartered in Monrovia, California, is a seasoned manufacturer specializing in inkjet printers. Since its inception in 1962, the company has developed a diverse product portfolio catering to specialized industrial and commercial applications. Its offerings include banking printers essential for teller receipt validation and color label printers, such as those used for prescription labeling. Furthermore, Addmaster provides OEM printers, including print bars and color print mechanisms, crucial for package coding and various document processing tasks. The company's technology is integral to sectors like payment processing, ballot marking, and kiosk printing, highlighting its deep integration into critical business workflows.
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
What's next for Addmaster?
The recent strategic investment signals a pivotal moment for Addmaster, likely enabling further expansion of its manufacturing capabilities and technological innovation. Given its history and the substantial capital infusion, the company is well-positioned to enhance its market share in specialized printing solutions. Future developments may involve expanding its OEM partnerships, refining its banking and label printing technologies for greater efficiency and security, and exploring new applications within the payment processing and document management sectors. This capital infusion is expected to fuel continued development and solidify Addmaster's role as a key provider in its niche markets.
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