FlashStock invests in doubling team size from 50 to 100 to keep pace with rapid growth
October 12, 2016: Toronto, ON - FlashStock, a leading Content-as-a-Service (CaaS) provider of custom photos and videos for marketing at scale, has raised $1.5 million in funding from angel investors. The financing will be invested into growing its team - with plans to double employee headcount from 50 to 100 by the first quarter of 2017.
In less than three years, Toronto-based FlashStock has built its client base to include the top 200 of the Fortune 500 companies worldwide, achieved over 380 percent year-over-year revenue growth, and is cash-flow positive. The FlashStock team has grown rapidly, surpassing targets to grow five-fold from 20 employees in Q1 2016, to 100 by Q1 2017. Building on this momentum, FlashStock will invest the additional funding into expanding its overall resources across the company.
FlashStock received its latest round of funding from angel investors including Bill Campbell, former CEO of Citigroup and Operating Partner of Vedanta Capital; and Chris Burggraeve, former CMO of AB InBev and one of FlashStock’s first investors and current Board Member - bringing total raised to $3 million to date.
“In just over two years, FlashStock welcomed hundreds of leading brands as new and recurring clients thanks to its simple yet powerful service that effectively solves a burning, large scale everyday problem for modern marketers,” said Chris Burggraeve, former CMO of AB InBev. “With a robust track record, a dynamic team and an agile mindset, it was a no brainer to keep investing in FlashStock’s next exponential growth chapter.”
“The pressing challenge for marketing today is getting a consistent pipeline of authentic, personalized visual content in a sustainable and scalable way. With the social media landscape being more visual-centric than ever before, and an insatiable millennial audience demanding personalized and varied content across multiple fragmented platforms - many brands are struggling to keep up with the visual content race,” said Grant Munro, CEO of FlashStock. “FlashStock solves the content burden by helping brands innovate and re-engineer their supply chain for custom visual content to get a consistent stream of high volume, branded custom visual content at scale.”
FlashStock is recruiting for positions in engineering, client success, marketing, and sales as part of its massive hiring spree. The company will also be aggressively recruiting creative talents to join its rapidly growing international network of contributors.
With FlashStock, brands have at their disposal, an “always on” content engine with a source of the widest range of visual formats including photos, videos, GIFs, 360 photos and videos, and Cinemagraphs. Unlike stock photography, FlashStock leverages its collective global network of creative and social savvy contributors, to capture on-brand and on-brief custom photos and videos for leading brands.
Other past investors have included former VP of Sales from Facebook Tom Arrix, and Linkedin veteran Jonathan Lister.