DesignCrowd Pty Ltd
TypeProprietary Limited
IndustryGraphic design, CrowdsourcingWeb design
FoundedSydney, Australia (2007 (2007))
FounderAlec Lynch (CEO)
Headquarters
Sydney
,
Australia
Number of locations
Australia, Philippines, United States
Key people
  • Garry Visontay
  • Anthony James Glenning
  • Craig Blair
Websitewww.designcrowd.com

DesignCrowd is an online crowdsourcing platform founded in 2007.[1] Its main product appears to be online software called BrandCrowd which enables users to create design assets, such as logos and websites.[2]

History

DesignCrowd was launched January 2008.[3] According to the Australian Financial Review, "Alec Lynch is recognised as a founder of the design crowdsourcing concept".[4] DesignCrowd was started in Sydney, Australia.

The company has received significant funding from Starfish Ventures.[5] On 20 December 2011, DesignCrowd acquired Brandstack,[6] a stock logo template marketplace where users are able to buy and sell logo templates and domains. Following the acquisition, Brandstack's name was changed to "BrandCrowd."[7] In 2014, DesignCrowd announced that it had acquired community design contest website Worth1000 for an undisclosed amount.[8] The company expanded to Philippines in 2014.[9] In 201,5 AirTree Ventures invested $6 million in DesignCrowd's crowdsourcing platform.[10]

Investors behind DesignCrowd have included Perennial Value Management, Alium Capital, Ellerston Capital, Regal Funds Management and CVC.[11]

Awards and achievements

  • Alec Lynch named Ernst & Young's Entrepreneur of the Year Award winner, 2014 (Eastern Region - Category: Emerging)[12]
  • DesignCrowd ranked #22 in Deloitte's TechFast50 2014 rankings[13]

References

  1. ↑ "DesignCrowd Pty Ltd - Company Profile and News". Bloomberg.com. Retrieved 22 October 2020.
  2. ↑ Palmer-Derrien, Stephanie (2 February 2021). "Aussie startup DesignCrowd raises $10 million to boost DIY design offering for small business". SmartCompany. Retrieved 27 September 2022.
  3. ↑ Hall, Phil (30 September 2013). "Alec Lynch, co-founder and CEO of DesignCrowd, Sydney, Australia". Business Superstar. Retrieved 21 July 2014.
  4. ↑ Bailey, Michael (7 March 2016). "DesignCrowd dominance highlights our marketplace hub". Australian Financial Review. Retrieved 21 July 2014.
  5. ↑ Moses, Asher (3 November 2011). "Aussie tech gold rush: 'nothing off limits'". The Sydney Morning Herald. Retrieved 21 July 2014.
  6. ↑ Greg Kumparak, "Brandstack Pulled From The Deadpool, Acquired By DesignCrowd", "Techcrunch"
  7. ↑ Michelle Hammond. "DesignCrowd Acquires Brandstack, Launched BrandCrowd" "StartUp Smart"
  8. ↑ Kennedy, Stuart (17 June 2014). "DesignCrowd reckons deal worth wait". The Australian. Retrieved 21 July 2014.
  9. ↑ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 22 October 2020.
  10. ↑ "AirTree Ventures invests $6 million in DesignCrowd". Australian Financial Review. 4 February 2015. Retrieved 22 October 2020.
  11. ↑ Palmer-Derrien, Stephanie (2 February 2021). "Aussie startup DesignCrowd raises $10 million to boost DIY design offering for small business". SmartCompany. Retrieved 27 September 2022.
  12. ↑ "Top entrepreneurs honoured at Sydney awards night". Ernst & Young. 8 August 2014. Retrieved 8 August 2014.
  13. ↑ "Deloitte Technology Fast 50 Winners' report". Deloitte. Retrieved 11 February 2015.
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