Total amount raised
$90 Million
Latest funding date
4/1/2015
Location
VSCO has successfully raised funding over two rounds, with the latest being a Series B round involving six investors, including Glynn Capital Management and Obvious Ventures. The platform offers a suite of creative tools and community features for photographers and videographers.
Keep reading to explore the intricacies of VSCO's fundraising journey and the investors backing this innovative platform.
What Is VSCO?
VSCO, based in Oakland, California, is a creative channel that builds tools and spaces for self-expression. The company operates in various industries, including internet, mobile, photo editing, photography, and software. It has a significant workforce, with 101-250 employees.
Founded to provide high-quality photo and video editing tools, VSCO offers a platform for both desktop and mobile users. The company emphasizes community engagement, allowing users to connect, share, and collaborate with other photographers. Additionally, VSCO provides business tools to help professional photographers manage their studios and client interactions.
How Much Funding Has VSCO Raised?
- Series A
- Amount Raised: USD 40,000,000
- Date: May 2014
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and grow the user base.
- Series B
- Amount Raised: USD 50,000,000
- Date: April 2015
- Lead Investors: Glynn Capital Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the app and support its growing community of users.
Total Amount Raised: USD 90,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Glynn Capital Management
- Details: Glynn Capital Management is a venture capital firm that participated in VSCO's Series B funding round. The firm focuses on investing in high-growth technology companies.
- Investment Focus Areas: Technology, internet, software.
- Notable Investments: Not publicly disclosed.
- Accel
- Details: Accel is a global venture capital firm that led VSCO's Series A funding round. The firm has a long history of investing in early-stage and growth-stage companies.
- Investment Focus Areas: Technology, internet, software, mobile.
- Notable Investments: Facebook, Dropbox, Slack.
What's Next for VSCO?
With over 20 million monthly active users, VSCO stands at the forefront of the photo editing app market. The app's popularity and strong brand recognition on social media platforms present significant growth opportunities. As mobile photo editing continues to trend, VSCO is well-positioned to capitalize on this demand.
Future fundraising efforts could be bolstered by the app's consistent user engagement and market presence. The recent $30 million funding round indicates investor confidence, suggesting that further investments may be on the horizon. However, VSCO must navigate challenges such as intense competition and the need to innovate continuously to maintain user interest.
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