Photofy Raises $1M in Funding

Photofy, a Raleigh, NC-based social content creation appraised $1m in funding.

Backers included Capitol Broadcasting Corp, Highland Capital’s James Dondero and Michael Olander, Jr. of MDO Holdings and others.

The company, which has raised $1.75m to date, intends to use the funds to grow the team, on the sales and marketing side.

Led by President Jon LaNasa and Creative Director Jesse Flores, Photofy provides a social content creation app for iOS and Android which enables users to enhance their captured photos, stock backgrounds and photos, using professionally designed graphics, stickers, typography and frames. Its library of pre-designed content spans over 250 categories from birthdays to babies.

The company is now launching Photofy 3.0, adding a number of new features for people to express themselves such as “Experiences”, and dedicated channels for brands.

It is available for free download for the Apple App Store, Google Play, and now on the Amazon Appstore.

FinSMEs

31/10/2014

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