Luminate Raises $10.7 M of Series C Funding from Top VC Firms
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Mountain View, California – Luminate, a photo tagging service and dubbed as the adsense of image advertising has raised $10.7 M of series C funding from top venture capital firms Nokia Growth Partners, Google Ventures, Austin Ventures, CMEA Capital and Shasta Ventures.
Luminate was previously known as Pixazza and is currently serving more than 150 million users each month and 30 billion image views per year. As part of the funding, Managing Partner of Nokia Growth Paul Asel will join Luminate’s Board of Directors.
“The most successful technologies are ultimately platforms,” explains Luminate CEO, Bob Lisbonne. “We were the first to introduce interactive image apps, and the image app store is the logical next step.”
Luminate will use the budget to expand its services and provide a platform for third party developers and app developers as well.
Funding Total: $1,070,000
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|Investors: Nokia Growth Partners, Google Ventures, Austin Ventures, CMEA Capital, Shasta Ventures|