Feeds

Aussie crowdsourcers get A$35m

Ex-Flickr and eBay execs tip in

  • alert
  • submit to reddit

Securing Web Applications Made Simple and Scalable

Multi-millionaire and founder of Flickr, Stewart Butterfield is part of a gaggle of high profile investors that have poured US$35 million into Australian crowdsourcing design website 99designs.

The first round of VC funding was led by Accel Partners and includes angel investors like former eBay exec Michael Dearing, Dave Goldberg of Survey Monkey and Anthony Casalena of Squarespace.

99designs, which is now based in San Francisco with 26 staff, was founded in Australia in 2008 by co-founders Mark Harbottle and Matt Mickiewicz. The duo evolved the crowdsourcing platform out SitePointForums along with sitepoint.com, Flippa.com and Learnable.com.

Harbottle said on the company blog that the investment “goes a long way towards guaranteeing that we will be around long term.”

He added that a good chunk of the money will go towards distribution, marketing and international expansion.

“We also plan to build out the platform with many of the features our customers and designers have been asking for to improve the overall experience. And finally, we will create new and exciting opportunities for designers to connect with clients, enhance their skills, and earn an income doing what they love,” he said.

99designs says it has over 100,000 designers in 192 countries, and through its crowdsourcing model has paid out over US $19 million to designers to date and average distributing $1 million per month.

Build a business case: developing custom apps

More from The Register

next story
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
Want to beat Verizon's slow Netflix? Get a VPN
Exec finds stream speed climbs when smuggled out
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
Big Blue Apple: IBM to sell iPads, iPhones to enterprises
iOS/2 gear loaded with apps for big biz ... uh oh BlackBerry
Price cuts, new features coming for Office 365 small biz customers
New plans for companies with up to 300 staff to launch in fall
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Mobile application security vulnerability report
The alarming realities regarding the sheer number of applications vulnerable to attack, and the most common and easily addressable vulnerability errors.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.