Tuesday, February 1, 2011

AudioMicro Scores Funding From Stock Photo Site Fotolia

Los Angeles-based AudioMicro, the provider of royalty free music and sound effects run by Ryan Born, has scored a round of financing from micro stock photo site Fotolia. The $750,000 funding round also included prior investor DFJ Frontier. As part of the funding, Oleg Tscheltzoff, the co-founder and CEO of Fotolia, has joined AudioMicro's board of directors. AudioMicro operates an online web site which allows users to license royalty free music and sound effects for their video products, YouTube videos, and other uses. Fotolia is an online microstock photography website, which allows users to license photos for their projects. Ryan Born, CEO of AudioMicro, said that Fotolia and AudioMicro together will be incubating and launching new web projects in the content licensing space, with the first launching at the end of the month. More information »

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