Aussie startup ImageBrief Secures $3.2 million with US investment.
Online image marketplace platform startup and Australian-based, ImageBrief, announced recently that it has manage to receive over $750,000 in financial funding from New York investment capital, Great Oaks Venture Capital.
The stock image crowdsourcing startups recent round of funding, which has become the first US-based funding its received since its opening of its New York City headquarters during the early days of 2013, brings the privately-held company’s total amount of funding up to $3.2 million.
This latest round of funding shall be used to expand the company’s product team to help it keep pace with its rapid growth, according to the co-founder and CEO, Simon Moss.
“At ImageBrief we are experiencing explosive growth having more than doubled our revenues in the last six months alone,” said Moss. “We appreciate Great Oaks’ support of our game-changing, commercial photography marketplace, and the opportunity it presents to recruit additional high-level, New York City-based engineering talent.”
Great Oaks funding Injection follows up a $700,000 investment from square Peg’s Paul Bassat and Justin Liberman during March in the previous year that showed the company’s claim around $2.2 million in funding.
Initially founded in Australia during 2011, ImageBrief launched during February 2013 from the headquarters in New York City into which it had moved.
According to the company, every single professional photographer and contributed phtograph it has receives curated by in-house editors, with more than 18,000 photographers based in over 168 countries having now signed up to sell original photographs in over 5,000 image purchasers at advertising agencies, brands and publishers.
For managing partner at Great Oaks, Ben Lin, ImageBrief’s model empowers bot the photographers and image purchasers simultaneously.
“ImageBrief has taken the traditional photo licensing agency that provides one-on-one curation and licensing services and scaled it to enable thousands of buyers to simultaneously purchase and license original images they could not otherwise purchase online,” said Lin. “It’s a brilliant model that provides a real win-win for both photographers and image buyers, and this is why we’re proud to be adding ImageBrief to our portfolio.”