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

Posted by Rob Lewis

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.

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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