Founders and VCs are placing big bets on smartphone-powered photography, in a bid to disrupt the lucrative $2.88 billion stock photo industry. Scoopshot is one such startup.
Today the crowdsourced on-demand photography marketplace and accompanying smartphone app, announced it’s raised $3.9 million in Series A funding from Conor Venture Partners and Finnish Industry Investment, with participation by existing investors. Chris Barchak, Partner at Conor Venture Partners, will join Scoopshot’s board as its new Chairman.
The new capital will be used to help grow its service worldwide, specifically to ramp up Finland-based Scoopshot’s presence in the U.S. and UK by expanding its existing sales teams there.
By our calculation, the new round of funding brings the startup’s total funding to approximately $11 million. That appears to significantly best rivals such as Foap, EyeEm or U.S.-based Rawporter.
Launched in Finland in February 2011, with a global roll out the following January…
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