# Picateers

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

- Industry: Internet
- Headquarters: San Mateo, US
- Website: www.picateers.com
- Total disclosed funding: $12M
- Latest round: Series A (Aug 26, 2008)
- Investors on record: 1

## About

Picateers Inc. offers tailored portrait fundraising services for schools, churches, and sports teams, enhancing fundraising potential through professional photography and diverse product offerings.Founded in 2005, Picateers Inc. is based in San Mateo, US, specializing in portrait fundraising services. The company has completed 2 deals, with its most recent deal occurring on August 26, 2008, during which it raised USD 6.6 mn in a Series A round from Norwest Venture Partners. No significant pivots or changes in business strategy have been reported since its inception.Picateers specializes in providing portrait fundraising services tailored for schools, churches, and sports teams. Their core offerings include professional photography sessions that yield various products such as portraits, prints, books, gifts, and keepsakes. This service allows organizations to earn up to 50% of the proceeds from the sale of these photographic products, supporting a diverse client base across educational institutions, community organizations, and local sports teams in the United States.Picateers operates primarily through direct transactions from its fundraising initiatives, where organizations partner with the company to conduct portrait fundraisers. Clients purchase photography services and products directly from Picateers, benefiting from a pricing structure that provides a significant portion of each sale to the partnering organization. Revenue is generated from the sale of photographic products and fosters ongoing partnerships as organizations frequently engage Picateers for multiple fundraising events.In August 2008, Picateers Inc. raised USD 6.6 mn in Series A financing to support its growth initiatives. The company plans to expand its service offerings and enhance its product range, although specific new products have yet to be detailed. Plans to enter new markets are currently focused on broader outreach within the United States. The funding will be utilized to bolster these initiatives, enhancing customer engagement and supporting community fundraising efforts.

## Funding rounds

- Series A, Aug 26, 2008, $6.6M — Norwest Venture Partners
- Series A, Jan 10, 2006, $5.5M — Norwest Venture Partners

## Investors

- Norwest Venture Partners (https://capitalatlas.ai/funds/norwest-venture-partners) — Series A