Who Is Cricut Owned By?

Cricut is a company that designs and manufactures personal cutting machines, accessories, and other DIY craft products. The company was founded in 2003 by Thomas and Beverly Edwards, with the mission of bringing creative possibilities to everyone. Cricut’s products are now sold in more than 80 countries worldwide, making it one of the leading providers of cutting machines and other DIY craft supplies.

Cricut’s products range from basic cutting tools to complex 3D printing tools. The company also offers a wide variety of accessories such as replacement blades, pens, and even fabric ink cartridges. Cricut has become known for its high-quality products that can help users get creative with their projects.

In addition to its cutting machines, Cricut also offers a variety of software programs that allow users to design their own projects or import designs from other sources. This software allows users to create intricate designs with just a few clicks of the mouse. Users can also use Cricut’s Design Space software to easily upload images or photos for use in their projects.

The company has continued to innovate over the years, introducing new features and capabilities into its products. In 2020, Cricut introduced its Adaptive Tool System which allows users to customize their blades for cutting materials like leather, wood, and fabric. This system provides greater accuracy when cutting intricate materials and makes it easier for users to achieve professional-looking results.

Cricut is owned by Providence Equity Partners LLC, a private equity firm based in Rhode Island. Providence Equity Partners acquired Cricut in 2017 for an undisclosed sum and has since helped the company grow its presence on an international scale.

Today, Cricut continues to be a leader in the DIY craft industry with its innovative products and software programs.

Conclusion:

Cricut is owned by Providence Equity Partners LLC, a private equity firm based in Rhode Island who acquired it in 2017 for an undisclosed sum. Since then they have helped the company grow internationally while striving towards innovation with their product lines.