Valar Ventures leads $18m EyeEm series-B

Existing investors Earlybird Venture Capital, Passion Capital, Wellington Partners, Atlantic Labs and Open Ocean Capital also took part in the round.

The fresh capital will be used to make new hires and for international expansion, following the launch of the EyeEm Market platform in New York last month. The company will also include more features in its iOS and Android apps.

Previous funding
Wellington and Passion injected less than £5m into EyeEm in August 2011 in a seed funding round. Wellington drew equity from its Wellington Partners IV Technology vehicle, which closed on €265m in 2008. Passion backed the company through its £37.5m maiden fund. EyeEm's executive chairman invested alongside the two firms.

In July 2013, Earlybird joined previous investors in a $6m series-A. A year later, EyeEm acquired Switzerland-based sight.io.

Company
Founded in 2011, EyeEm is a photography community and marketplace, available online and via a mobile app. The company's marketplace enables its 13 million users to sell their images. EyeEm employs 50 people.

People
Florian Meissner is co-founder and CEO of EyeEm. Peter Thiel co-founded Valar Ventures.

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• Topics
• DACH
• Expansion
• Technology
• Germany
• Earlybird
• Wellington Partners
• Passion Capital