What is 99designs?
99designs operates as the world's largest on-demand design marketplace, effectively connecting businesses of all sizes with a vast global network of freelance designers. The platform provides a comprehensive suite of design services, including logo creation, website design, and full branding packages, addressing diverse creative needs across numerous industries. Founded in 2008 and headquartered in Oakland, California, with international operations spanning Australia, Brazil, Germany, and Japan, 99designs facilitates a streamlined process for sourcing professional design work while enabling designers to build their portfolios. The company serves both B2B and B2C markets through its web and mobile platforms.
How much funding has 99designs raised?
99designs has raised a total of $45M across 2 funding rounds:
Series A
$35M
Series B
$10M
Series A (2011): $35M with participation from Stewart Butterfield, Accel, Anthony Casalena, and Gigwalk
Series B (2015): $10M led by Recruit Strategic Partners and Accel Partners
Key Investors in 99designs
Recruit Strategic Partners
Recruit Strategic Partners is a venture capital firm based in Silicon Valley, known for investing in innovative companies and providing industry expertise. As a subsidiary of Recruit in Japan, it plays a key role in their global investment strategy.
Accel Partners
Accel Partners is a prominent venture capital firm that invests in early-stage and growth-stage technology companies. They are recognized for their deep operational experience and extensive network, supporting founders in building category-defining companies.
Accel
Accel Inc. is a contract packaging company specializing in copacking and assembly services. They offer a wide range of packaging solutions for various industries, focusing on quality and innovation to bring product visions to life.
What's next for 99designs?
The recent major strategic investment in 99designs signals a pivotal phase for the company, likely focused on scaling its operations, enhancing its platform technology, and potentially expanding into new service verticals or geographic markets. This capital infusion will enable 99designs to further solidify its leadership in the competitive design marketplace, foster innovation within its designer community, and deepen its relationships with enterprise clients seeking on-demand creative solutions. The company's trajectory suggests a continued emphasis on leveraging its global network to meet evolving business demands for high-quality, accessible design services.
See full 99designs company page
