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DesignCrowd acquires US company Brandstack, launches BrandCrowd
Online crowdsourcing start-up DesignCrowd has acquired Texan company Brandstack for an undisclosed sum, combining the service with its existing community to launch BrandCrowd.
According to Lynch, the acquisition of Brandstack and the subsequent launch of BrandCrowd will further reinforce DesignCrowd’s leadership in crowdsourced graphic design services. Brandstack, founded by Wes Wilson and based in Texas, is an online marketplace providing ready-made brands and logos for sale to buyers around the world.
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Brandstack Pilled the Deadpool, Acquired by DesignCrowd
DesignCrowd, an Australian design crowdsourcing platform that raised $3 million last month, has just announced that they’ve acquired Brandstack and will integrate it into their service (essentially rescuing Brandstack from the deadpool.) Read more
DesignCrowd on Cloud Nine
A Melbourne venture capital manager, Starfish Ventures, has invested $3 million in a Sydney company, DesignCrowd.com, a graphic design website with plans to open an office in Silicon Valley.
Lynch says designers can be paid on DesignCrowd even if they don’t win the design contest. "We get good designers and creators on every project, and consistent quality so there is no luck involved."
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Crowdsourcing an 'opportunity, not a threat' as DesignCrowd stakes its territory with investment booster
DesignCrowd chief executive Alec Lynch said the money would be used to enhance the company’s service in Australia, New Zealand and beyond. And after a chat on the phone, he was also quick to defend crowdsourcing, describing it as an “opportunity, not a threat” to existing design agencies.
The New Zealand website has received a strong reception, especially from design schools. Lynch said five have shown particular interest and DesignCrowd is now on the hunt for a brand that wants to be part of a competition involving those design schools.
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Australian crowdsourcing start-up DesignCrowd receives $3 million
The Australian venture capital firm Starfish Ventures has invested $3 million in DesignCrowd, according to a media release dispatched on Thursday.
The Australian start-up, a design crowdsourcing community with more than 40,000 registered graphic designers, plans to use the new investment to launch two new services in 2012 and to expand its client base outside Australia.
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Crowdsourcing: Tapping a world of ideas
Technology entrepreneurship in Australia is booming and several Australian companies have received millions in investments in the past week.
Today crowd-sourced graphic design website DesignCrowd, based in Sydney, announced it had received a $3 million investment from Melbourne venture capital firm Starfish Ventures.
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DesignCrowd scores $3m, set to go abroad
Sydney-based start-up DesignCrowd has scored $3 million in venture capital from Melbourne firm Starfish Ventures and is planning to use the funding to expand internationally.
DesignCrowd provides an online marketplace for businesses to crowdsource their creative projects to others.
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VCs plough $14m into crowdsourcing startups
This week DesignCrowd announced Melbourne investment house Starfish Ventures had invested $3 million in the company. The money will allow the Sydney company to further expand globally.
"We’ve done well in Australia, now we want to take on the world, and Starfish is the perfect partner to help us succeed," said Lynch in a statement issued yesterday.
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Sydney crowdsourcing firm DesignCrowd receives $3 million investment from Starfish Ventures
Sydney-based crowd sourcing design website DesignCrowd has finalised a $3 million investment from local venture capital firm Starfish Ventures, with founder and chief executive Alec Lynch saying the money will be used to break into international markets.
"Our kind of growth plans really require a capital injection, and this is exactly what we need to take the business further out from Australia and adopt some new product ideas," Lynch told SmartCompany this morning.
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DesignCrowd secures $3m investment from Starfish Ventures
Sydney-based crowd-sourced graphic design website DesignCrowd has received a $3 million investment from Melbourne venture capital firm Starfish Ventures.
DesignCrowd, which was founded in 2007, is now a multi-million dollar business with clients spanning 159 countries, and has 40,000 registered graphic designers from around the world
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Aussie start-up attracts venture capital, again!
Australian Internet start-up company, DesignCrowd.com, has had an injection of $3 million by Melbourne-based venture capital firm, Starfish Ventures, as it seeks to further expand its business into the global market. It is the second time, in tough economic times, that the company has secured investment funding. Read more
Crowdsource startup DesignCrowd secures funding
Australian internet start-up Design Crowd has received a $3m investment from venture capital firm Starfish Ventures.
The online marketplace that helps businesses around the world outsource or ‘crowdsource’ creative projects was founded in 2008.
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Crowdsourcing design company receives $3m investment
Australian internet start-up company DesignCrowd has received a $3m investment from the venture capital film Starfish Ventures. DesignCrowd is an online marketplace to help businesses crowdsource creative projects. Read more
Aussie tech gold rush: 'nothing off limits'
Today crowd-sourced graphic design website DesignCrowd, based in Sydney, announced it had received a $3 million investment from Melbourne venture capital firm Starfish Ventures.
Its founder, Alec Lynch, 27, started the company with $10,000 in capital – which quickly grew to $60,000 after he tapped three credit cards and his family for loans – on his parent's kitchen table.
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Crowdsourcing start-up DesignCrowd snares $3 million Starfish funding
Crowdsourcing start-up DesignCrowd is to accelerate its global expansion after securing a $3 million investment from heavyweight Australian VC firm Starfish Ventures.
The site acts as an online marketplace for designers, allowing businesses to "crowdsource" creative projects. More than 40,000 designers are registered to the site, across 159 countries. A New Zealand site recently launched, with further international expansion planned.
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CrowdSourcing Platform For Creative Projects DesignCrowd Raises $3 Million
Australian-based crowdsourcing website for creative projects DesignCrowd has received a $3 million investment Starfish Ventures.
DesignCrowd allows anyone to upload a design project, set a deadline, set a budget and invite the platform’s group designers. The startup says that on average 25 to 100-plus custom designs are submitted from designers around the world, and the project manager can then decide which one suits his needs.
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Crowd computing
Kiwi businesses are being offered access to a network of over 40,000 designers around the world, with Australian crowdsourcing start up, DesignCrowd, expanding its operations to New Zealand.
Crowdsourcing allows businesses with small design budgets to give their projects to a wide number of designers, and choose the design that fits them best.
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DesignCrowd launches New Zealand crowdsourcing site
Australian tech start-up DesignCrowd launches DesignCrowd.co.nz to help NZ business 'crowdsource' creative projects to designers around the world. DesignCrowd has selected New Zealand as one of the first markets to expand into as it seeks to increase its share of the NZ$2.5 billion global design market. Read more
Crowdsourcing: Tapping a world of ideas
Now businesses big and small are harnessing that collective creativity through crowdsourcing - a trend that is taking problem solving to the world.
Alec Lynch, founder and CEO of Australian-based DesignCrowd.com, which crowdsources graphic designs from around the world, believes Australia has become the poster child for the movement, with up to a dozen crowdsourcing success stories reflecting our culture's desire to see an ''anybody'', a ''battler'' make good.
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Ideas anyone? Anyone?
The voice of the crowd has never been louder. We're tweeting opinions, broadcasting amateur news footage, offering marketing ideas from the warehouse floor. Now businesses big and small are harnessing that collective creativity through crowdsourcing - a trend that is taking problem solving to the world.
A company would traditionally hire an agency and pay about $5000 for a handful of logo designs that might take a month to arrive. On sites such as DesignCrowd, clients can post a brief in minutes, choose a budget and typically expect 50 to 100 submissions within 10 days.
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Indian web designer earns $10,000 in a month through DesignCrowd
Arun Bhattachary, a Kolkata designer, has made $10,000 over the course of four weeks using DesignCrowd.
According to Amanda Hackwith in Freelance Confidential, the average freelance web designer at the higher end of the spectrum makes $60,000 a year — that’s $5,000 a month, half of what Bhattachary has earned.
There’s no denying that in countries rife with poverty — where the average wage is $1,000 in a year — DesignCrowd, 99designs and related companies are doing some good and helping locals rise above the perception that their work is cheap and low quality.
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Hot 30 Under 30 Startups
Online outsourcing and design contests have become a massive area of growth on the internet. The desire of more and more businesses to post work contracts to be bid for by the population of the internet has helped Alec Lynch turn his business DesignCrowd into a thriving concern.
DesignCrowd has handed out more than $1 million in work to its freelance community since its launch in 2008, with a 78% increase in the last six months alone. DesignCrowd has also paid $200,000 in participation payments for unsuccessful bidders. Clients have included the Harvard Business School, Fair Trade Australia and Hi Tech shoes, while among DesignCrowd's 10,000 freelance designers are Udaya Kumar, the designer of the Indian rupee symbol.
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DesignCrowd raises capital and acquires US website
DesignCrowd, an online graphic design crowdsourcing company ... has acquired and merged with US freelance design website.
DesignCrowd has been growing at an average of 21% month on month for the last year, and the new entity now boasts over [30,212] graphic designers and studios from around the world.
... "crowdsourcing is essentially outsourcing on steroids" and DesignCrowd will offer "more powerful, higher quality and sustainable crowdsourcing by harnessing higher quality designers and offering thousands of participation payments each month to better organise and reward the crowd".
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