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Home  Industry News Onrequest Images Secures $9 Million to Extend Market Leadership Position
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Onrequest Images Secures $9 Million to Extend Market Leadership Position |
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Written by OnRequest Images
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Wednesday, 11 April 2007 |
Menlo Ventures Leads Third Round for Custom Photography Innovator
Seattle, WA - April 11, 2007 -
OnRequest Images, the world's leading provider
of OnBrand custom imagery, has successfully completed a third round of
funding of $9 million from new investor Menlo Ventures and existing investors
Maveron LLC and Frazier Technology Ventures. With the closing of this round,
Menlo Ventures founder and managing director, H. DuBose Montgomery, joins
the company's board of directors. OnRequest Images will use the proceeds of
this financing to expand its sales and marketing efforts.
Menlo Ventures provides long-term capital and management support to earlystage and emerging-growth companies. One of Silicon Valley's top venture capital firms, Menlo Ventures has over $3.9 billion under management, and is a long-term, active partner to visionary entrepreneurs.
"Menlo Ventures is proud to lead this round of funding for OnRequest Images", stated Mr. Montgomery. "Having spent 30 years working with companies in the technology and communications industries, I understand the tremendous workflow and productivity improvements OnRequest Images is delivering to corporations. Leveraging its proprietary OnPro™ production technology, which streamlines the complex process of creating, sharing, and managing custom imagery, brand marketers can now have custom brand-aligned image libraries to complete their brand marketing strategies."
"We continue to be a strong supporter of OnRequest Images' groundbreaking business model," said Debra Somberg, managing partner at Maveron, an early investor in OnRequest Images. "OnRequest Images continues to capitalize on the intersection of a highly-visual consumer economy, the need to differentiate brands in a meaningful way, and the pervasiveness of broadband Internet service to deliver high-quality custom commercial photography from anywhere in the world to anywhere in the world with unparalleled creativity and efficiency."
"Since our investment, OnRequest Images has delivered four quarters of solid growth and Frazier is delighted to be an investor in the company," said Gary Gigot, Frazier Technology Ventures general partner. "The OnRequest Custom Library™ service and OnRequest OnPro™ technology enable companies like TMobile, Coldwell Banker Real Estate Corporation, Humana, Manpower, and Starwood, to quickly and cost efficiently build compelling brand relationships with their customers by integrating consistent, high-quality custom brand imagery across all marketing campaigns."
About OnRequest Images, Inc.
OnRequest Images, the world's leading provider of OnBrand custom imagery, works closely with top corporations to build stronger brands with original, brand-centric photography. OnRequest Images' technology-driven services have enabled Fortune 1,000 companies to increase brand equity, improve speed to market, achieve brand consistency, and reduce liability. With OnRequest OnPro™, the powerful, patent-pending photography production platform, brand managers and marketers have access to total image creation and management solutions to create, secure, and distribute high quality, OnBrand imagery - on demand, on time and on budget. Employing a global network of more than 1,600 world-class photographers, comprehensive pre-and-post production services, Web-based image management, licensing and rights management services, as well as brand imagery consulting, OnRequest Images empowers brands to develop the right visual approach based on culture, ethnicity, and demographics. Headquartered in Seattle, the company has offices in New York, Atlanta, Chicago, Dallas, Denver, Los Angeles, Philadelphia and San Francisco. To learn more, visit www.onrequestimages.com.
About Menlo Ventures
Menlo Ventures provides long-term capital and management support to earlystage and emerging-growth companies. Menlo Ventures is one of Silicon Valley's oldest venture capital partnerships, and has organized and managed ten venture funds since their inception in 1976. Menlo Ventures has over $3.9 billion under management, and a team with over one hundred and fifty years of collective experience in technology, marketing, finance, sales and general management. For more information about Menlo Ventures, visit www.menloventures.com.
About Maveron LLC
Headquartered in Seattle, Washington, Maveron LLC is a leading venture capital firm. Founded in 1998, Maveron's mission is to partner with entrepreneurs in the creation of extraordinary companies across the Consumer Continuum™ in order to generate outstanding financial returns. Maveron invests up to approximately $20 million in its portfolio companies and looks to partner with a small number each year. For more information about Maveron, visit www.maveron.com.
About Frazier Technology Ventures
Frazier Technology Ventures is a Seattle based fund whose primary investment focus is the Pacific Northwest, but who has, and will invest in different geographies when a company matches our investment strategy and our partnership's prior experience. FTV has an operating relationship with Frazier Healthcare Ventures, and together the two fund groups comprise the Pacific Northwest's largest venture franchise. For more information about Frazier Technology Ventures visit www.fraziertechnology.com.
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Last Updated ( Wednesday, 11 April 2007 )
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