About PhotoRoom
PhotoRoom is a company based in Paris (France) founded in 2019 by Eliot Andres and Matthieu Rouif.. PhotoRoom has raised $62.15 million across 3 funding rounds from investors including Balderton Capital, Y Combinator and Aglae Ventures. PhotoRoom has completed 1 acquisition, including GenerateBanners. PhotoRoom offers products and services including AI Background Remover, AI Retouch, AI Backgrounds, and Batch Editing. PhotoRoom operates in a competitive market with competitors including Blend, DoMyShoot, Unfaze, Fotographer AI and Ayna, among others.
- Headquarter Paris, France
- Founders Eliot Andres, Matthieu Rouif
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Sectors
Media & EntertainmentTechnology
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Email
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Phone
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Website
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Social
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- Legal Name Artizans Of Photo Video Background Editor App
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$62.15 M (USD)
in 3 rounds
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Latest Funding Round
$43 M (USD), Series B
Dec 21, 2023
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Investors
Balderton Capital
& 2 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of PhotoRoom
PhotoRoom offers a comprehensive portfolio of products and services, including AI Background Remover, AI Retouch, AI Backgrounds, and Batch Editing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automatically removes complex backgrounds from images.
Eliminates unwanted objects from photos with one swipe.
Generates realistic backgrounds in seconds.
Edits multiple images at once for efficiency.
Funding Insights of PhotoRoom
PhotoRoom has successfully raised a total of $62.15M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $43 million completed in December 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $43.0M
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First Round
First Round
(26 Aug 2020)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Series B - PhotoRoom | Valuation | Balderton Capital | |
| Sep, 2022 | Amount | Series A - PhotoRoom | Valuation | Balderton Capital |
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| Aug, 2020 | Amount | Seed - PhotoRoom | Valuation | Y Combinator |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PhotoRoom
PhotoRoom has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Balderton Capital, Y Combinator and Aglae Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multistage venture capital investments are focused on technology sectors.
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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Technology sectors are targeted for venture capital investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PhotoRoom
PhotoRoom has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include GenerateBanners. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Automated banner generation for marketing needs is provided.
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2021 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - PhotoRoom
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Photoroom Comparisons
Competitors of PhotoRoom
PhotoRoom operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Blend, DoMyShoot, Unfaze, Fotographer AI and Ayna, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Photo editing features are offered through a mobile application.
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| domain | founded_year | HQ Location |
SaaS app for product photography is provided to online sellers.
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| domain | founded_year | HQ Location |
Short-form videos and product images are generated via AI software.
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| domain | founded_year | HQ Location |
Product images are generated by AI for e-commerce and marketing.
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| domain | founded_year | HQ Location |
AI solutions for generating fashion models and photoshoots are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Photoroom
Frequently Asked Questions about PhotoRoom
When was PhotoRoom founded?
PhotoRoom was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is PhotoRoom located?
PhotoRoom is headquartered in Paris, France.
Who is the current CEO of PhotoRoom?
Matthieu Rouif is the current CEO of PhotoRoom. They have also founded this company.
Is PhotoRoom a funded company?
PhotoRoom is a funded company, having raised a total of $62.15M across 3 funding rounds to date. The company's 1st funding round was a Seed of $150K, raised on Aug 26, 2020.
What does PhotoRoom do?
PhotoRoom was founded in 2019 in Paris, France, as a mobile application focused on product and portrait photography. Backgrounds are removed and replaced by users, while products are prepared for e-commerce display. Professional portraits, profile images, collages, and stickers are created. The iOS version is currently available, with Android development underway. Revenue is generated via in-app purchases.
Who are the top competitors of PhotoRoom?
PhotoRoom's top competitors include Blend, DoMyShoot and Fotographer AI.
What products or services does PhotoRoom offer?
PhotoRoom offers AI Background Remover, AI Retouch, AI Backgrounds, and Batch Editing.
How many acquisitions has PhotoRoom made?
PhotoRoom has made 1 acquisition, including GenerateBanners.
Who are PhotoRoom's investors?
PhotoRoom has 3 investors. Key investors include Balderton Capital, Y Combinator, and Aglae Ventures.
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