Mosaic Storage Systems Announces $875,000 Series A Financing
Mosaic Storage Systems, an online service to aid Adobe Lightroom users, has received $875,000 in funding from Wasabi Ventures, eCoast Angel Network and 10x Venture Partners.
- Baltimore, MD (1888PressRelease) March 01, 2013 - Mosaic Storage Systems (www.MosaicArchive.com), a photo archival and access service for Adobe Lightroom users, today announced that it has completed their Series A funding of $875,000 led by Borealis Ventures. Backers in this round also include Wasabi Ventures, eCoast Angel Network and 10x Venture Partners. The company will use the funding to accelerate investments in sales and marketing, product development and engineering.
"We are excited to help serious photographers better manage and protect their photos," says, Mosaic Co-Founder and CEO Gerard Murphy. "We are making photo management easier, more secure and even a little fun. We are very excited to be working with Borealis Ventures, Wasabi Ventures and all our investment partners. We have always focused on being a profitable, solid company. This capital will allow us to grow more quickly and hire additional employees to better serve our customers."
Mosaic helps passionate amateur and professional photographers enjoy their photography more by making digital asset management easier and more secure. The Mosaic technology includes a desktop tool to automatically backup a photographers Lightroom catalog to the cloud. Adobe Photoshop Lightroom is the software of photo management and editing tool of choice for millions of serious photographers. The backed up photos are also available to access, show off and share from the Mosaic mobile App.
"Many of our customers have several terabytes of photos," says Andy Young, Mosaic Co-Founder and CTO. "There really wasn't a solution designed for the unique data needs of serious photographers. So we created it."
"The feedback from our users has been awesome," says Murphy. "We have a lot more tricks up our sleeves. This capital will allow us to get more features to our users more quickly!"
Mosaic currently helps photographers archive and access many millions of photos.
Relevant Links
Wasabi Ventures - www.wasabiventures.com
Mosaic Archives- www.mosaicarchive.com
Borealis Ventures - www.borealisventures.com
About Mosaic Storage Systems:
Founded in 2011, Mosaic helps passionate amateur and professional photographers enjoy their photography more. The Mosaic product blends online photo backup, a mobile photo-viewing app, digital asset management and collaboration, and social photo sharing in a way that is seamless, easy, and even fun for their users. Mosaic integrates with the Adobe Photoshop Lightroom product (iPhoto on steroids from the makers of Photoshop).
About Wasabi Ventures:
Wasabi Ventures is a different kind of venture capital firm made up of two distinct, but connected aspects: Venture Capital and Startup Incubation. In other words: we fund entrepreneurs, we start companies, and we help existing businesses succeed. We take active operational roles in our portfolio companies by leveraging our dedicated staff of over 40 specialists. Our team of engineering, sales, marketing, analysis, legal, accounting, and management professionals can cover every one of a start-up's needs. We also provide investment capital and creative financing solutions to our chosen portfolio companies. We also create our own start-ups from scratch, via our incubator environment. If you have a business plan you would like to submit to us for review or you are interested in speaking to one of our partners about how Wasabi Ventures may help your company, send us a message: http://wasabiventures.com/contact/
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