PhotoShelter, a NYC-based digital asset management platform for visual storytellers, raised $8m in funding.
The investment was made by Level Structured Capital, an affiliated fund of Level Equity, a New York private investment firm focused on providing capital to software companies.
The company intends to use the funds for product innovation across its cloud-based visual media platforms, PhotoShelter and Libris, accelerate staff expansion and finance a new company headquarters this year.
Led by Andrew Fingerman, CEO, PhotoShelter provides:
– cloud-based product PhotoShelter for photographers to store their images, create a photo website, deliver work, sell or license photos, and
– Libris, which helps brands centralize, organize, and distribute their visual assets at scale and in real time. It is used by over 1,000 top clients to organize, collaborate and share their photos and videos. The client list includes The Associated Press, New York Jets, Los Angeles Chargers, Philadelphia Eagles, Purdue University, National Aquarium, Chick-fil-A, Special Olympics Inc., Pandora, PBS, Politico, Nathan’s Famous and Wendy’s.