Crowdsourcing Design Company DesignBay Raises Capital and Acquires DesignCrowd

DesignBay, an online graphic design crowdsourcing company, has raised capital from a syndicate of angel investors.
In addtion, the company has acquired and merged with US freelance design website The acquisition has been funded by a group of investors, backing the business through a significant private investment, equipping the combined entity for even further significant growth.
The combined company will be known as DesignCrowd and will allow people and businesses to “crowdsource” a range of creative services from logo design to t-shirt to poster design. DesignCrowd clients include Shell Oil and HI-TEC shoes and over 12,000 graphic designers and design studios from the US, UK, Canada, India and Australia.
The company is planning to expand upon its crowdsourcing services and if it can continue to grow at its current rate will have 70,000 designers by June 2010. 

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