Total amount raised
$90 Millions
Latest funding date
4/1/2015
Location
VSCO has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers robust photo and video editing tools, along with a vibrant community for photographers.
Keep reading to explore the intricacies of VSCO's fundraising journey and the investors backing this innovative platform.
What Is VSCO?
Founded on March 31, 2011, VSCO is based in Oakland, California. The company was established by Greg Lutze and Joel Flory.
VSCO offers a suite of creative tools for photographers, including mobile and desktop photo and video editing tools. The platform also provides a community for photographers to connect, share, and get inspired.
With a team of 101-250 employees, VSCO continues to support photographers in expanding their creative and professional horizons.
How Much Funding Has VSCO Raised?
- Series A
- Amount Raised: $40M
- Date: May 2014
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and grow its user base.
- Series B
- Amount Raised: $50M
- Date: April 2015
- Lead Investors: Glynn Capital Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the app and enhance user engagement.
Total Amount Raised: $90M. Current Valuation: Not publicly disclosed.
Key Investors
- Glynn Capital Management
- Details: Glynn Capital Management is a venture capital firm based in Menlo Park, California. They focus on long-term investments in technology companies.
- Investment Focus Areas: Technology, Internet, Software.
- Notable Investments: Facebook, LinkedIn, Airbnb.
- Accel
- Details: Accel is a global venture capital firm that partners with exceptional founders with unique insights. They have a history of backing companies that have become household names.
- Investment Focus Areas: Consumer, Enterprise, Fintech.
- Notable Investments: Dropbox, Slack, Spotify.
What's Next for VSCO?
With over 20 million monthly active users, VSCO stands at the cusp of significant growth opportunities. The app's popularity among photo enthusiasts and its strong social media presence indicate a substantial market potential. This user engagement could attract further investment, enabling VSCO to expand its features and improve user experience.
Future fundraising opportunities appear promising, especially if VSCO continues to grow its user base and maintain its top position among photo apps. However, the company faces challenges such as intense competition and the need for continuous innovation to stay relevant. Navigating these hurdles will be crucial for VSCO's sustained success.
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