PhotoShelter Secures $8 Million From Level Structured Capital
PhotoShelter, the digital asset management platform for visual storytellers, received $8 million in capital from Level Structured Capital, an affiliated fund of Level Equity, a New York private investment firm focused on providing capital to software companies.
PhotoShelter has seen significant growth of Libris, its cloud-based visual media platform designed to help brands centralize, organize, and distribute their visual assets at scale and in real time. Launched in 2015, Libris serves 1,000 clients across key verticals including the consumer, retail, education, sports, healthcare, technology and energy sectors.
PhotoShelter recently expanded its executive team with senior hires in finance, marketing, customer success, talent management and human resources. The company plans to use the new funds to drive product innovation, continue staff expansion, and finance a new company headquarters.