Feeds

Aussie crowdsourcers get A$35m

Ex-Flickr and eBay execs tip in

  • alert
  • submit to reddit

Boost IT visibility and business value

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.

Best practices for enterprise data

More from The Register

next story
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?