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Zink raises $35M, hires co-CEOs
ZINK Imaging, a Polaroid spin-off that’s developed inkless printing technology and paper, has closed a $35 million funding round and hired co-CEOs.
Mary Jeffries has been named chairman and co-CEO of the Bedford company, and Ira Parker has been tapped as president and co-CEO.
Both are former board members and Polaroid veterans: Jeffries was CEO at Polaroid, and Parker served as vice president and general counsel. They replace former ZINK Imaging CEO Wendy Caswell, who left the company in August.
Luxembourg-based Genii Capital led the Series B financing for Zink.
“We believe that ZINK Imaging’s technology is the future of printing,” Christian Frampton, of Genii Business Exchange, said in a statement. “It will continue to transform the critical role printing plays in key markets such as cloud computing and on-demand hard copy communication.”ZINK stands for “Zero Ink,” a full-color printing system that eliminates the need for ink cartridges or ribbons. The color required for printing an image or text is embedded in the ZINK Paper.
ZINK Imaging spun off from Polaroid in 2005. Its ZINK Paper is marketed by Polaroid for use in products including the Pogo instant digital camera, Pogo instant mobile printer and its new Polaroid Z340 instant digital camera with a built-in inkless printer.
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