InstaStock, a Berlin, Germany-based service that allows Instagram and smartphone users to earn money with their snapshots, has just launched with a seed funding of undisclosed amount.
Backers included Slam Dunk Capital, Jan Dzulko and other angel investors.
Founded by André Lutter (yourPainting), InstaStock is a photo databases, which sells authentic, up-to-date images of smartphone photographers. It allows users to upload their pictures via Instagram and smartphones and onto their InstaStock gallery, increase their awareness, earn 50% of the selling price but still keep the right of their images. Buyers – international companies – only buy the image license and are able to use them with unlimited creativity for authentic marketing campaigns and editorial contents.
By the end of 2013, InstaStock plans to offer more than 10 million authentic photos.