AudioMicro Takes Investment and a Partnership from Fotolia

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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!

Efren Toscano

Efren Toscano founded TechZulu in the heart of Southern California: Orange County. Focused on providing a platform to showcase all that is happening here in the tech and media space. TechZulu is rapidly growing to be the hub for Southern California technology companies news source. Efren has been chosen as one of LA Weekly's People of 2009 and selected as a Top 20 MostPublic Individuals in Los Angeles in Tech and Biz by NowPublic. He divides his time between San Diego, Orange County, Los Angeles and tech events around the US.

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