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99designs, founded in 2008 and headquartered in Richmond, Victoria, Australia, is a leading online marketplace for graphic design services. The company connects businesses and individuals with talented designers for various projects, including logo creation, website design, and book cover designs. 99designs has established itself as a prominent player in the crowdsourcing design industry, offering both one-on-one collaborations with designers and a ready-made logo store for quick design solutions.
Since its inception, 99designs has raised a total of $45 million in funding, demonstrating investor confidence in its business model. The company's global reach and diverse range of design services have contributed to its growth and popularity among clients seeking creative solutions.
In October 2020, 99designs was acquired by Cimpress, a move that significantly impacted the company's trajectory. This acquisition has likely influenced any potential plans for an initial public offering (IPO). As of now, there is no concrete information or official announcements regarding 99designs' IPO prospects.
Given the current circumstances, it's challenging to speculate on the likelihood or timing of a 99designs IPO. The company's focus appears to be on integrating with Cimpress and continuing to grow its design marketplace. Investors interested in 99designs should keep an eye on official company announcements and industry news for any updates on potential public offering plans.
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While 99designs' IPO prospects remain uncertain, investors eager to gain exposure to innovative design platforms don't have to wait. At Linqto, we offer members access to interests in pre-IPO private companies, including potential leaders in the creative and tech industries. Our platform allows you to diversify your portfolio with lower minimum investments, potentially benefiting from the growth of emerging companies like 99designs before they go public.
*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.