Toronto photo-sharing startup 500px raises $525K Series A round

Late last week TechCrunch reported that Toronto photo-sharing startup 500px raised a $525K Series A round with investment from High Line Venture Capital, Deep Creek Capital and ff Venture Capital.

Last month founders Oleg Gutsol and Ian Sobolev alluded to a pending investment and they didn't disappoint.

500px has become the new favorite site of a lot of Flickr power users with some 27,000 of the site’s 67,000 current members joining in the past two months. 500px charges $50 per year for premium accounts that allow users to create unbranded portfolio websites. For those wishing to sell photos online, 500px collects a 5% commission on all printing sales.

500px was founded eight years ago as a community for photography buffs within the LiveJournal blogging platform and currently has just four full-time employees.

Techvibes has been tracking 500px on our Toronto Startup Index for months and last month they were #3 on the Index. With over 70,000 visitors per day so far in May and half a million in the bank, look for 500px to take over the #1 spot soon.