# Shotzr

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

- Industry: Internet
- Headquarters: Denver, US
- Website: www.shotzr.com
- Total disclosed funding: $4.3M
- Latest round: Seed (Mar 18, 2019)
- Investors on record: 6

## About

Shotzr, Inc. is a technology company specializing in AI-driven image generation, offering innovative solutions that transform text prompts into high-quality images for diverse creative needs.Founded in 2017 by Frank Cardello in Denver, US, Shotzr, Inc. focuses on providing AI-powered imagery solutions. The company has executed 4 deals to date, with the most recent deal taking place on July 27, 2021. In July 2021, Shotzr was acquired by Shutterstock, enhancing its market presence. Frank Cardello, the CEO and founder, has previously engaged in entrepreneurial ventures prior to establishing Shotzr.Shotzr's primary offering is its AI Image Generator, an advanced online tool that converts user-provided text prompts into high-quality images. Users can create visuals across various styles, including cartoon, oil painting, photorealistic, and 3D. The platform emphasizes customization, allowing adjustments to image size, backgrounds, and specific elements. The AI Image Generator serves a wide customer base, including marketing professionals, designers, and content creators who use these images for various applications.Shotzr generates revenue primarily through a subscription model that enables clients to access and download images according to their selected plans. Customers can choose between Standard and Enhanced Licenses, catering to individual or business needs. This pricing structure accommodates both individual users and enterprise clients, with options for securing exclusive rights to specific images. The flagship AI Image Generator plays a crucial role in the revenue generation process by facilitating efficient image creation for users.Shotzr, following its acquisition by Shutterstock, plans to further develop its AI Image Generator and introduce new features that enhance user experience. Additionally, the company aims to expand into international markets, targeting regions in Europe and Asia by 2023. The recent Seed funding round, amounting to USD 0.93 mn, will be allocated towards the development of new products and market expansion initiatives.

## Funding rounds

- Seed, Mar 18, 2019, $3M — Access Venture Partners, Rockies Venture Fund, FirstMile Ventures, Blue Note Ventures, Springtime Ventures, DVI Equity Partners
- Seed, Oct 11, 2017, $1.3M — Access Venture Partners, Rockies Venture Fund, FirstMile Ventures, Blue Note Ventures, Springtime Ventures

## Investors

- Access Venture Partners (https://capitalatlas.ai/funds/access-venture-partners) — Seed
- Rockies Venture Fund (https://capitalatlas.ai/funds/rockies-venture-fund) — Seed
- FirstMile Ventures (https://capitalatlas.ai/funds/firstmile-ventures) — Seed
- Blue Note Ventures (https://capitalatlas.ai/funds/blue-note-ventures) — Seed
- Springtime Ventures (https://capitalatlas.ai/funds/springtime-ventures) — Seed
- DVI Equity Partners (https://capitalatlas.ai/funds/dvi-equity-partners) — Seed