Posts Tagged ‘funding’

Crowdsourced Wedding Photography is Big Business: WedPics Raises $4.25M in Funding

wedpics

Having your wedding guests take pictures for you with their smartphones isn’t just convenient for couples on their big day — it turns out it can become a big business as well. WedPics, one of the leaders in this emerging niche, is growing like a weed and has secured new funding to the tune of $4.25 million.
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MBLOK: 256GB of Bluetooth-Accessible Storage that Fits in the Palm of Your Hand

MBLOK_1

What happens when ‘the cloud’ gets personal? According to Kwelea Inc., you end up with MBLOK. Deemed “one memory for all devices,” MBLOK is a pocket-sized SSD with integrated Bluetooth technology that allows you to store and access data from up to 7 mobile devices, all on the go. Read more…

VSCO Gets a Massive $40M Investment to Build Out Its Photo Community

VSCOCam

Known most for their film emulation presets, mobile app, and creative network, Visual Supply Co. has taken the photography world by storm since their inception in March of 2011. Releasing VSCO Film, VSCO Keys, VSCO Cam, VSCO Grid, and their VSCO Journal, they’ve shown that they aren’t only a company looking to sell products – they’re a company striving to build an entire community by creating and establishing effective resources for photographers.

And as of today, there’s proof in the form of dollars that others believe in their endeavors. $40 million dollars worth of belief to be precise.
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NailSnaps Turns Your Smartphone Photos Into Nail Art

Have you ever been sitting around and thought to yourself, “I wish I could put my Instagram photos on my nails, rather than paint them”? Well, even if you haven’t, Angel Anderson and Sarah Heering did. Now, with some crowdfunding help, they’re working to bring to life a service and product that does just that. Read more…

Photo Sharing App Snapchat Now Worth a Whopping $800 Million

Snapchat Screen

Photo sharing is big business. Just ask Snapchat‘s founders. The service (launched in late 2011) has managed to raise somewhere in the neighborhood of $60 million in venture capital funding, an investment that pegs the value of the company at a staggering $800 million.
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Peak Design Unveils Leash, the Optimus Prime of Camera Straps

If you’ve ever had to take traditional camera straps on and off your camera, you probably know how annoying the task is. Peak Design, makers of the Capture camera clip system, wants to change the way people think about and use straps. The company has unveiled a new strap called the Leash, a versatile accessory that can take on different configurations and be used for multiple purposes.
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The FlashPipe: A Lightweight, Easy-To-Use Flash Diffuser

Flash diffusers come in all shapes and sizes, from DIY Home Depot versions to more expensive professional grade equipment. None of these solutions seemed adequate for 30 year photography veteran Les Tirmenstein, however, and that’s why he designed the FlashPipe. Read more…

Instagram Set to Raise $50M from Sequoia Capital at a $500M Valuation

Instagram is set to raise a massive Series B round of venture financing and, according to AllThingsD, the round will be led by preeminent VC firm Sequoia Capital — the same firm that funded the likes of Apple, Google, YouTube, PayPal, Oracle, and Yahoo!. The company will reportedly be raising $50 million on a $500 million valuation, which is a hefty price point for a 17-month-old company with a headcount of 13. The service boasted 30 million iPhone users prior to its Android launch earlier this week, after which they received 1 million new signups in less than 24 hours. Now all it need to do is figure out a way to turn its popularity into dollar bills…

(via AllThingsD)


Image credit: Instagram founders @Kevin @mikeyk by Robert Scoble

Instagram Now Valued at $500 Million

Instagram is reportedly in the process of securing new round of funding that values the 16-month-old company at a staggering $500 million — 20 times what the company was valued at a year ago. Although the $40 million round has drawn a lot of interest from investors, many of the top VC firms have decided to stay away due to the high valuation and the fact that Instagram still needs to prove that it can turn popularity into profit. The 9-man company currently has over 15 million users and is working on bringing its popular app to the Android market.

Financing to Value Instagram at $500 Million [The Wall Street Journal]

Remote Instagram Printer Instaprint Going from Prototype to Product

One year ago we featured a novel new device called Instaprint, a location-based photo booth that lets people create instant prints of Instagram photos by simply tagging them with a specific tag. It constantly scans Instagram for its tag, and when a photo is found the image is immediately printed out as a Zink print. Now Breakfast, the company behind the prototype, is trying to turn it into an actual product. They’re trying to raise half a million bucks through Kickstarter and a $400 contribution effectively preorder one.
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