Spoonflower, a digital textile startup and one of the Triangle’s fastest growing companies, today announced that Jennifer Turnage will join the company as its first Chief Financial Officer. Turnage will help the company manage its growth and the skyrocketing demand for its custom fabric, wallpaper and gift wrap. Jennifer brings to the position an extensive financial background, most recently as the CFO of another fast-growing Triangle company, Consolidated Asset Recovery Systems.
“For a bootstrapped company launched seven years ago out of an old sock mill in Mebane, NC,” said Spoonflower co-founder Gart Davis in a statement. “Working with a financial officer with Jennifer’s level of experience represents an incredible milestone for our company.”
“So many things about Spoonflower captured my interest, but the element of community captured my heart,” said Turnage. “I’m excited to be a part of a company that enables crafters, designers and artists to express creativity, explore passions and pursue entrepreneurial dreams.”
Turnage is a native of North Carolina who began her career in the Raleigh office of PricewaterhouseCoopers. Prior to joining Spoonflower, she served as the CFO of a number of technology-enabled services businesses, including Consolidated Asset Recovery Systems, Digitalsmiths (acquired by TiVO), StrikeIron (acquired by Informatica), ChannelAdvisor and AuctionRover.com. At ChannelAdvisor, Turnage was responsible for establishing the international operations, experience that will be useful as Spoonflower continues efforts to open its first international offices in Berlin.
“The Triangle community is rich with wonderful resources, and we feel very lucky to have such an impressive candidate coming on board as we delve into the complexities of internationalizing Spoonflower,” said Davis.
According to a company spokesperson, Spoonflower currently has 155 employees and plans to hire additional staff by the end of the calendar year.
In August, Spoonflower announced its first round of institutional investment from North Bridge Growth Equity, a firm based in Boston, along with Durham-based Bull City Venture Partners.
