Investment group Accel Partners on Thursday announced a $35 million round of funding for crowdsource design website 99designs.
If you’re unfamiliar with the website, 99designs allows businesses to crowdsource all of their design needs from simple logos to full website templates on a single platform full of talented designers.
With prices starting as low as $99 per design the site which was founded in 2008 has been a profitable venture full of design contests and a pay structure in which users only pay for the final design they choose to purchase.
According to site numbers 99designs has hosted more than 75,000 designs and their designers have already earned more than $19 million since the sites initial launch.
Also participating in the round of funding were angel investors, Michael Dearing, Dave Goldberg, Stewart Butterfield, and Anthony Casalena.
In a press release Dearing said of the site:
“99designs caught my attention when I realized that nearly every one of the early stage companies and entrepreneurs I work with was turning to them to get great design work done,” while adding, “The team has created a marketplace that is easy for companies to get onboard with, and also a boon for designers who can go after any of the hundreds of jobs open at any one time.”
What do you think about the rather large investment 99designs has achieved.