What is Shutterfly?
Shutterfly, Inc., established in 1999, operates as a manufacturer and digital retailer offering a diverse portfolio of personalized products and services through a family of lifestyle brands. These brands include Shutterfly, Tiny Prints, Wedding Paper Divas, MyPublisher, BorrowLenses, and GrooveBook. The company leverages its digital platform to provide customized solutions for consumers, ranging from photo printing and stationery to book creation and photo equipment rentals. Its business model focuses on enabling customers to create unique, personalized items, positioning it as a key player in the personalized e-commerce market.
How much funding has Shutterfly raised?
Shutterfly has raised a total of $949M across 8 funding rounds:
Other Financing Round
$3M
Series E
$2M
Series F
$20M
Series A
$4M
Debt
$125M
Debt
$270M
Debt
$500M
Other Financing Round (2001): $3M led by Silicon Valley Bank
Series E (2002): $2M supported by Mohr Davidow Ventures
Series F (2005): $20M featuring Monaco Partners and Mohr Davidow Ventures
Series A (2007): $4M backed by Mohr Davidow Ventures
Debt (2011): $125M with participation from Citibank, N.A., US Bank, Fifth Third Bank, Silicon Valley Bank, Wells Fargo Securities, and JP Morgan
Debt (2013): $270M, investors not publicly disclosed
Debt (2017): $500M, investors not publicly disclosed
Key Investors in Shutterfly
Mohr Davidow Ventures
Moor Davidow Ventures specializes in innovative tools aimed at enhancing productivity and streamlining processes. The company focuses on supporting entrepreneurs who recognize significant market opportunities and are driven to pursue them. They aim to inspire and attract top talent in the industry. Their services are designed for businesses looking to leverage modern solutions for growth and efficiency.
Silicon Valley Bank
SVB Financial Group offers commercial and private banking, asset management, private wealth management, brokerage & investment services, funds management, and business valuation services. The company was founded in 1983 and is headquartered in Santa Clara, California.
JP Morgan
Founded in 1799, JPMorgan Chase & Co. is a global financial services firm with operations in more than 60 countries. The firm specializes in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. The company is headquartered in New York City, New York.
What's next for Shutterfly?
With a substantial enterprise-level funding history totaling $949M, Shutterfly is well-positioned for continued expansion and strategic development. The recent major strategic investment signals confidence from backers in the company's long-term vision and operational capabilities. This capital infusion is likely to fuel further innovation in product offerings, enhance digital platform technologies, and potentially support market consolidation or expansion into new verticals. Shutterfly's ongoing access to significant financing underscores its resilience and strategic importance in the competitive personalized products landscape.
See full Shutterfly company page
