Shutterfly Acquires Spoonflower
August 10, 2021
Shutterfly has completed the acquisition of Spoonflower, a global marketplace for custom fabric, wallpaper and home decor, for approximately $225 million of enterprise value. The deal expands Shutterfly's product assortment and connects its 21 million active users to Spoonflower's community of designers, accelerating Shutterfly's entry into the home decor and custom textiles market.
- Buyers
- Shutterfly
- Targets
- Spoonflower
- Sellers
- Guidepost Growth Equity, Bull City Venture Partners
- Industry
- E-Commerce
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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