Tech Company Financing Transactions
PhotoRoom Funding Round
On 11/7/2022, PhotoRoom secured $19 million in Series A investment from Balderton Capital, Adjacent and private investors.
Transaction Overview
Company Name
Announced On
11/7/2022
Transaction Type
Venture Equity
Amount
$19,000,000
Round
Series A
Investors
Balderton Capital (Lead Investor)
Proceeds Purpose
The company intends to use the funds to develop its existing software further, improve generative AI features and keep hiring talent across Europe.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
73 Boulevard de Sébastopol
Paris, 75003
France
Paris, 75003
France
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
PhotoRoom provides photo editing software powerful enough to create outstanding images yet simple enough to be used without any training. We leverage deep learning to translate pixels into objects, drastically simplifying non-creative tasks such as removing backgrounds from images or removing objects.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Founder
Eliot Andres
Founder
Matthieu Rouif
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