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Condé Systems becomes an employee-owned company Acquisitions Investments 

Condé Systems becomes an employee-owned company

GaryPageau
Sublimation and heat-transfer supplier Condé Systems Inc. announced its employees are now the owners of the company through an employee stock ownership plan (ESOP). Condé Systems is a leading supplier of sublimation and digital heat-transfer equipment, supplies, products, and education. As a 100% ESOP-owned company, all of Condé’s stock is now held in trust by the ESOP exclusively for the... Read More
French AI imaging company PhotoRoom raises $19 million Investments 

French AI imaging company PhotoRoom raises $19 million

GaryPageau
French startup PhotoRoom announced a $19 million Series A funding round, lead by Balderton Capital with participation from Facebook, Hugging Face and Disney+. Existing investor Adjacent is also investing. Since launch, the PhotoRoom app has been downloaded 40 million-plus times worldwide with a 4.7-star rating from 750,000 reviews. According to the announcement, the company was founded in late 2019 by Matthieu... Read More
Lumileds announces reorganization plan Investments 

Lumileds announces reorganization plan

GaryPageau
Lumileds Holding B.V., a maker of lighting solutions, announced the United States Bankruptcy Court for the Southern District of New York has confirmed the company’s reorganization plan. Lumileds plans to emerge from the Chapter 11 process the week of Oct. 31 following the satisfaction of certain administrative items before the plan becomes effective. Under the terms of the plan, Lumileds... Read More
Aryeo raises $3.5 milion to expand real-estate photography platform Investments News 

Aryeo raises $3.5 milion to expand real-estate photography platform

GaryPageau
Aryeo announced $3.5 million in fresh capital led by 645 Ventures, with participation from Hyperplane VC. To date, Aryeo has raised more than $7 million in funding and is the leading platform for real estate photography and media businesses. “Real estate photographers and media companies are an overlooked and integral part of the real estate process,” says Branick Weix, CEO and... Read More
Pixelle to restart paper machine in Chillicothe, Ohio Investments News 

Pixelle to restart paper machine in Chillicothe, Ohio

GaryPageau
Pixelle Specialty Solutions LLC, a Pennsylvania-based manufacturer of specialty papers in North America, announced plans to restart a paper machine in the Chillicothe, Ohio facility. The company is investing $21 million to upgrade and restart the #24 paper machine (PM24) and plans to hire 52 full-time employees to operate and maintain it, the company said. Pixelle will also fill 50... Read More
Getty Images expects to begin trading as public stock July 25 Investments 

Getty Images expects to begin trading as public stock July 25

GaryPageau
Getty Images, a prominent global visual content creator and marketplace, and CC Neuberger Principal Holdings, a publicly traded special purpose acquisition company, today announced the completion of their previously announced business combination. Upon completion of the business combination, the combined company has been renamed Getty Images Holdings, Inc. Beginning on July 25, 2022, the company’s common stock and warrants are... Read More
Cloudprinter.com raises €7 million in seed funding to grow its global print API platform Investments 

Cloudprinter.com raises €7 million in seed funding to grow its global print API platform

GaryPageau
Cloudprinter.com, the Ukrainian- and Dutch-based global print API platform, raised €7 million in a seed round led by Capital Mills, with participation from Brabantse Ontwikkelings Maatschappij (BOM) and an unnamed Dutch family office. This round follows Cloudprinter.com’s early 2019 €3 million pre-seed round and brings the total funding of the company to €10 million. With a print network consisting of... Read More
Photography startup Smiler gets $8 million seed funding Investments News 

Photography startup Smiler gets $8 million seed funding

GaryPageau
Utrecht-based Smiler, a spot photography marketplace connecting photographers and customers in tourist hotspots, announced it has secured $8 million (approximately €7.4M) in a Seed round of funding, according to SiliconCanal. The round was led by Mosaic Ventures with participation from Speedinvest, Dutch Founders Fund, and PROfounders Capital. Speedinvest recently also invested in the privacy-focused camera app Lapse. Founded in 2021, Smiler is an... Read More
​​Popsa announces $12 million investment round led by Gresham House Ventures Investments 

​​Popsa announces $12 million investment round led by Gresham House Ventures

GaryPageau
Fast-growing, U.K.-based personalized photo products company Popsa announced a $12 million ( £9milion) investment round led by Gresham House Ventures, a growth equity investor specializing in software and digitally-driven businesses in the consumer, healthcare, and service sectors. Investment director Tom Makey also joins the Popsa board. Existing investors Pembroke, Octopus, and Guinness have already invested several times. “We are very... Read More
Getty Images looking to go public, again, in $4.8 billion SPAC maneuver Investments 

Getty Images looking to go public, again, in $4.8 billion SPAC maneuver

GaryPageau
Stock content company Getty Images is looking to go public again, after more than a decade as a private company, in a $4.8 billion deal that will place the company on the New York Stock Exchange. To go public,  the company said it entered into a business combination agreement with CC Neuberger Principal Holdings II, a publicly traded special purpose... Read More
Gooten announces $15 million capital raise, unveils new leadership Investments News People on the Move 

Gooten announces $15 million capital raise, unveils new leadership

GaryPageau
On-demand printer Gooten raised $15 million in combined primary equity and debt from Tech Pioneers Fund with participation from existing investors KEC Ventures and ff Venture Capital. The company is also announcing the promotion of Maddy Alcala to president of Gooten. Founded in 2015, Gooten operates a smart supply chain for brands looking to optimize their eCommerce business through print-on-demand manufacturing. Now with more... Read More
Alice Camera raises $500,000 pre-seed Investments News 

Alice Camera raises $500,000 pre-seed

GaryPageau
Alice Camera, the computational photography company designing a Micro Four-Thirds format camera, announced it raised a combined $500,000 pre-seed fundraising round, comprised of angel investors alongside early-stage venture capital firm, Ascension, which contributed $400,000, plus $100,000 Amazon Web Server (AWS) cloud computing credits to scale AI and computational photography pipeline for creators The London-based startup is building an imaging device... Read More
AI-photo editing startup Let’s Enhance raises $3 million seed round Investments 

AI-photo editing startup Let’s Enhance raises $3 million seed round

GaryPageau ,
Let’s Enhance announces a $3 million seed round to further develop Claid, “an end-to-end automated image processing platform that helps marketplaces automatically edit, optimize and deliver user-generated content with AI,” the company said. The investment round is led by Chamaeleon with Margo Georgiadis, Hype Ventures, and Acrobator amongst other investors. Let’s Enhance launched Claid in 2021 as a technology for e-commerce, real estate,... Read More
Private camera app Lapse secures £1.04 million seed investment led by Speedinvest Investments News 

Private camera app Lapse secures £1.04 million seed investment led by Speedinvest

GaryPageau
Lapse, a new private photo-sharing sharing startup based in London, England, has already garnered a £1.04 million seed investment led by Speedinvest. Mimicking the function of single-use film cameras, the app lets friends in group chats take photos together, but they must wait until the 36 photos “develop” the next day before they can view them. The app is currently... Read More
PhotoShelter gets investment from Clearhaven Partners Investments 

PhotoShelter gets investment from Clearhaven Partners

GaryPageau
PhotoShelter, Inc. announced it has received “a significant growth investment” of an unspecified amount from Clearhaven Partners, a software and technology-focused private equity firm based in Boston. The partnership “will drive innovation and growth of PhotoShelter’s cloud-based digital asset management solutions for brands and photographers,” the company said in a press release. Founded in 2005, PhotoShelter offers  SaaS solutions enabling... Read More