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Research Outline

Prepared for David C. | Delivered March 30, 2021

Unsplash

Goals

Identify how much Unsplash was sold to Getty Images for, as well as provide the breakdown of funding rounds for Unsplash prior to its acquisition.

Early Findings

  • Unsplash held three funding rounds. The first was a seed round in 2013 which raised an undisclosed amount. The second was a Series A round in 2018 which raised $10.3 million. The final round was a Series B round in August 2019 which raised $20 million. Therefore, Unsplash raised a total of at least $30.3 million.
  • Unsplash had a total of twelve investors, with the lead investor being OST. Other investors were Nitesh Banta, David Wieland, Bedrock Capital, Rahul Vohra, Betaworks, Accomplice, Roger Dickey, Real Ventures, and Clark Valberg.
  • Unsplash announced on March 30, 2021, that it was being acquired by Getty Images, but "will continue to operate as a standalone brand inside of Getty and that the free content model won’t be changing."
  • The specific terms of the acquisition were not disclosed, other than that it is "a cash deal that is set to close at the end of the month."
  • Talks between Getty Images and Unsplash have been ongoing since 2016.