Fotolia Invests $750.000 In Audiomicro

Stockphotography company Fotolia, itself backed by a reported $50-$100 million investment has invested in royalty free music and sounds effect agency Audiomicro.

PRESS RELEASE

AudioMicro, which offers the world’s largest collection of user-generated royalty free music and sound effects, announced today that it has received an equity investment from Fotolia, Europe’s leading micro stock photo site.  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.

Fotolia and AudioMicro intend to collaborate on new projects, each targeting a different content vertical.  They intend to launch four of these projects by the end of next month.  Fotolia, which is backed by TA Associates, also owns Flixtime.com, a site that turns photos into videos, and Photoxpress.com, a subscription photo service.

“AudioMicro is a leader in crowd-sourced stock music and sound effects,” said Tscheltzoff.  “We’re pleased to partner with them to accelerate their business.”

“Fotolia’s investment and partnership is a great endorsement of our vision, and recognition of the traction we’ve gained,” said Ryan Born, founder and chief executive officer, AudioMicro.  “We’re delighted to work with the Fotolia team.”

About AudioMicro

An industry pioneer in licensing music and sound effects through credit-based and subscription packages, AudioMicro acts as a discovery and distribution platform for stock audio content.  Its collection of royalty free music, stock music, sound effects, and free sound effects includes over 225,000 tracks of both crowd-sourced and premium, record label-owned content.  AudioMicro also operates the Audioo voicemail sharing service.  The company is venture-backed by DFJ Frontier.  For more information, visit AudioMicro.com.