Los Angeles based and long time TechZulu Partner AudioMicro has taken on investment from Fotolia, the leading micro stock photo library in Europe and the #2 / #3 player in the world. Fotolia, which is backed by private equity firm TA Associates, also owns Flixtime.com, a site that turns photos into videos, and Photoxpress.com, a subscription photo service. For those of you who may not know about AudioMicro, they offers the world’s largest collection of user-generated royalty free music and sound effects. We use them whenever we create a video here on TechZulu.
In collaboration with Fotolia, they plan to incubate and launch new web projects, in fact at the end of this month they plan to launch 4 new websites, each targeting a specific new content licensing vertical.
Existing investor DFJ Frontier, a West Coast seed and early-stage investor, also participated in the financing. In connection with the financing, Oleg Tscheltzoff, co-founder and chief executive officer of Fotolia, has joined AudioMicro’s board of directors.
Congrats to Ryan Born and the team!