Latham & Watkins and Goodwin Procter are supporting private equity firm Bregal Sagemount’s $130 million investment in Printful Inc, which lifted the printing and warehousing company’s valuation above $1 billion.

Printful said on Monday that the new investment makes it the first privately owned company with Latvian roots to reach unicorn status, a term that refers to private companies worth more than $1 billion.

Founded in 2013, Printful fulfills orders made through online stores by shipping products directly to a store’s customers. The company has fulfillment centers and partner facilities in the U.S. Canada, Europe, Mexico, Japan and Australia, according to its website.

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Source: Reuters

By Sierra Jackson