Unsplash, a Montréal, Canada-based curated photo platform, raised C$7.25m in Series A financing.
The round was led by OST, in a combination of 80% cash and 20% tokens, with participation from Accomplice, Betaworks, Mark Bonchek, Real Ventures, Roger Dickey (Founder/CEO of Gigster), Clark Valberg (Founder/CEO of InVision), and Rahul Vohra (Founder/CEO of Superhuman). In conjunction with the funding, OST CEO Jason Goldberg will join Unsplash’s board.
The company intends to use the funds to continue to develop the platform and its business model (according to a post, “It won’t be a model where photos are going to be paid for with cryptocurrency. It will be a model that leverages the unprecedented distribution Unsplash photos gain to bring as many opportunities to contributors as possible while maintaining the open, free-to-use principles of the community.”)
Led by CEO Mikael Cho, Unsplash provides a free curated high-resolution photo platform built around a community of 65,000+ creators, 300,000+ photo taggers and curators. and 25 million+ users.