In a recent round of seed funding stock photo agency Pocstock has raised $500K which brings their total investment funding to $1.4M. The agency will now be making key investments in opening new markets, content acquisition, and artificial intelligence.
Key highlights of the investment:
• Fueling Innovation: The capital injection will be used to develop an Artificial Intelligence platform that will enhance the company’s competitive edge, and provide customers and photographers with cutting-edge, diversity-imaging solutions.
• Growth & Expansion: pocstock plans to expand its technology platforms, infrastructure, and operations into new markets, both domestically and internationally, to better serve its growing customer base.
• Talent Acquisition: A portion of the investment will be allocated to attract top talent, helping the company build a stronger team to execute its vision.
The latest investment of $500 comes from 9.58 Venture Partners, Fred Toney one of the founders of 9.58 explains: “There’s a reason pocstock was selected as an initial investment by 9.58 Ventures. pocstock is a company that’s reimagining the marketing and advertising industries, given its mission to drive diversity, representation, authenticity and inclusion, which completely aligns with ours and the professional athletes and celebrities.”
Steve Jones, Founder & CEO at Pocstock says: “This first round of institutional investment represents a significant milestone for pocstock, and we are very excited about the growth opportunities it brings. Our team is fully dedicated to our mission to increase inclusivity in advertising and media, and we’re excited to have 9.58 Venture Partners in our investor community.”