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Wrapify Receives Capital Investment from Avery Dennison

Investment is expected to accelerate Wrapify’s expansion in US market.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Wrapify, the technology-based car wrap company, has secured a $3 million venture capital investment from Avery Dennison.
 
Wrapify pays America’s drivers to wrap their cars in marketing messages and uses GPS and other technologies to track their movements in real time for brands.
 
This investment will help Wrapify expand its sales force, technology and operations teams, and reach the top 50 markets by year’s end.
 
Wrapify CEO James Heller, recently named the top young marketing talent on Forbes’ prestigious “30 Under 30” list, said, “Our goal for Wrapify is to reach the top 50 US cities by end of year, and Avery Dennison’s investment will spur that. It also helps Wrapify expand our already formidable sales force, and broaden our technology and operations teams.”
 
Wrapify’s platform has been embraced by many of the nation’s best-known brands, including Bud Light, eBay, Lyft and Petco.
 
The investment comes as Avery Dennison and Wrapify have been working together to develop a vehicle-wrapping film technology best-suited for Wrapify’s needs: a short-term, easy to install and remove film for the transit oriented out-of-home advertising industry.

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