Startup photo app developer Photofy has now raises $750,000 in a recently concluded offering.
The startup had raised $605,000 through December and in an updated SEC filing on Monday said it had closed on the higher amount, having set out to raise $750,000.
Eleven investors are backing the company, including Capitol Broadcasting, the parent company of WRAL TechWire.
More about Photofy:
- WRAL TechWire profiles Photofy in a February feature story.
The Raleigh company opened the round of equity financing on Nov. 26. A total of 11 investors have invested in the round. Photofy was founded last August, according to state corporation records.
Photofy has developed an app for the iPad and iPhone and Android smartphones that allows users to enhance photos with graphics, stickers, typography and frames. The free app also allows users to edit photos.
Designs used to enhance photos are provided from designers from around the world, which the company refers to as “featured partners.” After selecting a preferred design, users can share the enhanced photos with friends.
Photofy is led by company president Jon LaNasa, who has already founded and sold an Internet-based business. LaNasa founded InvitationBox.com, a web-based retailer for the invitation, stationary and gift market, according to the Photofy website. In 2010 InvitationBox acquired Noteworthy Collections, a wholesale vendor in the invitation and stationary market. L&S Retail Ventures, the holding company for both InvitationBox.com and Noteworthy Collections, was acquired by Café Press, Inc. in October 2011.
