We announced yesterday that KKR (Kohlberg Kravis Roberts & Co.) has invested $150 million of growth equity into Fotolia.
Here’s what Fotolia’s co-founder and CEO has to say about it: “After only seven years, this investment is a testament to our rapid progress as a company. We are extremely proud to have KKR, one of the largest and most reputable private equity firms, join Fotolia as a lead investor. KKR shares Fotolia’s philosophy of growth through innovation and will be contributing valuable entrepreneurial capital. Our new partner offers operational capabilities and a deep network that will help Fotolia accelerate its growth. The extensive worldwide network of KKR will enable us to cement our global leadership in the stock photography industry and further our goal of being the global source of inspiration for designers and buyers of creative content.”
Read the formal press release for more information.