# Photoroom

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

- Industry: Software
- Headquarters: Paris, France
- Website: www.photoroom.com
- Total disclosed funding: $64M
- Latest round: Series B (Feb 27, 2024)
- Investors on record: 6

## About

Founded in 2019 and based in Paris, France, Photo Room, Inc. operates as a software company. The company was founded by its CEO, Matthieu Rouif. In February 2024, Photo Room, Inc. raised USD 43 million in Series B funding led by Balderton Capital, Aglaé Ventures, and Y Combinator.

Photoroom offers photo editing software that utilizes artificial intelligence to modify and enhance digital images. The firm’s products cater primarily to businesses in sectors like fashion, advertising, and e-commerce, offering tools for tasks such as background removal, image retouching, and content creation.

The company generates revenue by offering its services on a subscription-based pricing plan. The plans include the Photoroom App, which includes free and Photoroom Pro (INR 1,999); the Photoroom API, which includes basic (USD 20/month), plus (USD 100/month), and enterprise.

The company plans to use the funds raised in February 2024 to introduce its editing application, driven by artificial intelligence.

## Funding rounds

- Series B, Feb 27, 2024, $43M — Balderton Capital, Y Combinator, Aglaé Ventures
- Series A, Sep 23, 2022, $19M — Balderton Capital, FJ Labs, Adjacent Ventures
- Seed, Dec 17, 2020, $1.2M — Liquid 2 Ventures, Adjacent Ventures

## Investors

- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed
- Adjacent Ventures (https://capitalatlas.ai/funds/adjacent-ventures) — Seed, Series A
- Balderton Capital (https://capitalatlas.ai/funds/balderton-capital) — Series A, Series B
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series A
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Series B
- Aglaé Ventures (https://capitalatlas.ai/funds/aglae-ventures-2) — Series B