PastBook, an Amsterdam, The Netherlands-based photo books platform, raised $2M in funding.
The investment – which brings the total amount raised by the company to over $2.5m – was completed in two tranches: an initial convertible note plus a follow-up investment from existing investors (Vortex Capital Partners and other high net-worth dutch individuals, mostly entrepreneurs, including Dinko Valerio).
The company intends to use the funds to continue to introduce new products and accelerate marketing activities for its international expansion through the launch of its platform in several European countries – including The Netherlands, Germany, France, Italy and the UK– in addition to the USA, Australia and Canada where PastBook already has a significal commercial presence.
Founded in 2012 by Stefano Cutello, CEO, PastBook provides an instant photo books platform that enables consumers to print their Facebook and Instagram memories by automatically and intelligently selecting the best photos (with their captions and dates) and instantly arranging them in a high quality printed photo book.
The company recently partnered up with RPI, a provider of premium quality photo book printing services with facilities in USA and Europe, along with partner facilities in Oceania, to expand its global presence and reduce shipping times.