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Earlybird Venture Capital backs EyeEm’s $6m round

17 Jul 2013

dollar_5_170sqBerlin-based firm Earlybird Venture Capital has participated in a $6m investment round for online mobile photography community and marketplace EyeEm.

Existing investors Wellington Partners and Passion Capital also participated in the round.

The photo-sharing app also allows brands, marketers and agencies to acquire photos directly from the photographers.

Earlybird Venture Capital partner Jason Whitmire said, “EyeEm is the number one mobile photographer’s community. Look at what is being captured on photo sharing apps – it’s often cluttered with mundane life events.

“However if you see the imagery on EyeEm you cannot help but become totally captivated. We see the passion in the fanatical photography community and the opportunity to expand the $5bn stock photography and $12bn commissioned photography market and provide brands with high quality and authentic images and photographers with much greater exposure.”

Earlybird, which was launched in 1997, currently has $750m of assets under management.

Its current portfolio includes more than 20 companies in the consumer internet and enterprise services sectors including 6Wunderkinder, Auctionata, B2X Care Solutions, Carpooling.com, Madvertise, Peak Games, Socialbakers, THE Football App and Videdressing.

Late last year the firm backed a $6m financing round for Czech Republic-based social media analytics company Socialbakers.

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