Photo Scoop: Fotolia Takes A Massive $50 Million To $100 Million Round From TA Associates
Microstock photography site Fotolia has taken its first outside round of investment since it was founded in 2005 and it is a doozy. The company isn’t talking about it, but an exceptionally good source with knowledge of the deal confirms that private equity firm TA Associates has invested between $50 million and $100 million in Fotolia. In comparison, rival iStockPhoto was acquired for $50 million by Getty Images three years ago. There are some rumors going around in venture circles that Fotolia got sold outright for $150 million. Our source, however, emphasizes that the company was not sold. Instead, after competitive bidding from more traditional venture firms, TA Associates came in with a massive injection of capital. Up until now, Fotolia has been self-funded by French entrepreneurs Oleg Tscheltzoff, Thibaud Elziere, and some silent partners. The company is officially headquartered in New York City, but everyone still works from home. The company has been on a roll lately. It reached one million registered…
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