500px Raises $8.8 Million in Series A Funding Round Led by Andreessen Horowitz and Harrison Metal

Posted by Rob Lewis

500px today raised nearly $9 million in a Series A funding round.

The $8.8 million round was led by Andreessen Horowitz and Harrison Metal with participation from Creative Artists Agency, Rugged Ventures, Dustin Plett, and ff Venture Capital.

500px was founded in late 2009 by Oleg Gutsol and Evgeny Tchebotarev. Today the site boasts over 2.5 million users and a billion page views each month.

The company says it will use the investment to "accelerate its already explosive growth, enhance its current products and offer the worldwide photo community new and innovative products and services to help photographers showcase, share, organize and monetize their photos." It company will also be opening a new office in the Bay Area, not surprising given the weight of Silicon Valley firms involved in the round.

“Having investors like Andreessen Horowitz and Harrison Metal support our vision speaks volumes to the potential we have to achieve our goals,” says Oleg Gutsol, co-founder and CEO. “This new round of funding gives us access to the world’s best strategic advisors and provides the resources we need to speed up our innovation pipeline and focus on rapid international growth.”

"500px is all about building and empowering a passionate community of photographers and creating an amazing platform for them to display, share and sell their work," says Jeff Jordan, partner at Andreessen Horowitz. "In doing so, they've created one of the most beautiful online sites in the world and one that's enjoying eye-opening user growth and engagement."

Michael Dearing, founder of Harrison Metal, will be joining the 500px board as a director.

Yesterday the company announced an ongoing collaboration with Microsoft that begins with featuring 500px photographers on the Bing homepage.

Photo: Reuters

Company:
500px Inc.
Website:
http://www.500px.com
Location:
Toronto, Ontario, Canada

500px is a photo community powered by creative people worldwide that lets you discover, share, buy and sell inspiring photographs. The first version of 500px came to light in the early days of digital photography. At that time, everything was slightly different — the Internet was slower, 3.2 megapixel cameras were the latest buzz, digital photographers were just getting acquainted with their tools, and 500 pixels... more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



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