Investments, Startups

Photo Sharing Startup EyeEm Raises $18M in Series B Round

Image Source: EyeemBlog

Image Source: EyeemBlog

Berlin-based photo sharing startup, EyeEm has raised $18 million in series B round led by Valar Ventures with participation from existing investors Earlybird Ventures, Passion Capital, Wellington Partners, Atlantic Labs and Open Ocean Capital. The raised funding will be used to accelerate the expansion of its recently launched photo marketplace.

EyeEm Market had officially launched in the U.S and EyeEm CEO Flo Meissner told TechCrunch that the team is looking to expand to other markets in Europe, Asia and South America. Previously, the firm had secured $6 million in series A and an undisclosed amount in seed round in 2011.

Founded in 2011, through its free-to download app for Android, iOS and supporting web platform, the company provides a place for photographers to share, interact and learn more about taking pictures on any device.

“The biggest problem in photography is not sharing an image,” Meissner said. “It all comes back to understanding images. We want to index every photo in the world, and we want to give everyone in the world with a smartphone access to the marketplace.”

In 2014, the firm had also partnered with  Foursquare and The Huffington Post to get photos taken by its users in front of more people outside of the company’s app.

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