# Photomyne

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/photomyne

- Industry: Software
- Headquarters: Israel
- Website: www.photomyne.com
- Total disclosed funding: $7.6M
- Latest round: Series A (Jun 18, 2018)
- Investors on record: 2

## About

Photomyne Ltd. is a technology company specializing in innovative digital photo scanning solutions to help users preserve family memories through an easy-to-use mobile application.Founded in 2014 in Israel by Natalie Verter, Nir Tzemah, Omer Shoor, and Yair Segalovitz, Photomyne Ltd. provides advanced digital scanning services. The company has successfully completed 3 deals, with the latest funding round being a Series A that raised USD 5.000 mn, led by Maor Investments. Nir Tzemah currently serves as CEO, guiding the company’s strategic direction.Photomyne specializes in digital photo scanning solutions aimed at preserving and enhancing family memories. Its core offerings include a suite of mobile applications designed for scanning various media types, such as photographs, slides, negatives, and children's artwork. The main application, Photo Scan by Photomyne, facilitates quick and efficient digitization of paper photographs, allowing users to create digital albums in a matter of minutes. The app features advanced capabilities such as auto-detection and cropping, perspective correction, and color restoration, catering to users who seek to revitalize old images. Photomyne's customer base primarily consists of families and individuals looking to archive personal histories and share nostalgic moments, with a significant user presence in North America, Europe, and Australia.Photomyne operates on a subscription-based revenue model, generating USD 16.157 mn in revenue for the year 2022, with an EBITDA of USD 24,000. The subscription offers unlimited scanning and photo enhancement services for USD 59.99 per year, with a three-day free trial for new users. The flagship product, Photo Scan by Photomyne, alongside complementary apps like SlideScan and FilmBox, collectively form a comprehensive scanning suite that enhances user engagement and retention.Photomyne plans to leverage recent funding to enhance its product offerings and expand into new geographic markets. The company aims to launch additional scanning applications and features to improve user experience. With the acquisition by Glenrock Israel, Photomyne is positioned to explore new opportunities, targeting further expansion in the North American and European markets by the end of 2024.

## Funding rounds

- Series A, Jun 18, 2018, $5M — Maor Investments
- Seed, May 27, 2016, $2.6M — GlenRock Israel

## Investors

- GlenRock Israel (https://capitalatlas.ai/funds/glenrock-israel) — Seed
- Maor Investments (https://capitalatlas.ai/funds/maor-investments) — Series A