During 20/21 Vision: The Innovation Summit, PhotoShelter CEO Andrew Fingerman announced an exciting new growth investment partnership between PhotoShelter and Clearhaven Partners. The partnership with Clearhaven will drive innovation and growth of PhotoShelter’s cloud-based digital asset management solutions for brands and photographers.
Clearhaven invests thematically and works closely with its portfolio companies to accelerate value creation and help companies realize their full potential.
“I am extremely excited about PhotoShelter’s next phase of growth in partnership with Clearhaven. Clearhaven’s sector specialization and approach to providing their companies with operational support will enable us to accelerate innovation across our platform, continue to foster our loyal community of creative storytellers, and provide excellent customer experiences in the rapidly growing DAM market,” said Andrew Fingerman, CEO of PhotoShelter.
The digital asset management market is growing upwards of 30% per year as businesses and professionals seek to organize and manage their valuable digital assets.
PhotoShelter, a category leader in G2’s Digital Asset Management Software rankings, has seen a significant increase in new business, adding nearly 200 organizations to its customer base in the first half of 2021.
As a trusted and reliable creative technology partner, PhotoShelter currently maintains over 4.3 billion visual media assets, exceeding 18 petabytes of data under management, representing one of the largest collections of professionally captured content in the world. The Clearhaven Partners investment will accelerate platform development and allow PhotoShelter to continue its mission of transforming how creative professionals work.
Christopher Ryan, Managing Partner at Clearhaven Partners, commented,
“As long-term software investors we seek out differentiated and scalable businesses. Our partnership with PhotoShelter and its management team fits squarely into our strategy of backing successful companies who seek an operationally oriented investment partner. As partners to management, we are enthusiastic to support PhotoShelter’s continued growth trajectory in this next phase of its journey.”
Michelle Noon, Co-Founder and Managing Partner of Clearhaven, added,
“PhotoShelter is a direct fit for Clearhaven’s investment thesis in enterprise data and content proliferation. PhotoShelter’s highly discerning customers have already validated that PhotoShelter’s scalable SaaS solutions meaningfully streamline visual asset workflows with speed and security for daily enterprise use cases. It’s on this foundation of existing success that we look forward to our partnership with the PhotoShelter team to support the Company’s growth in a market with increasingly rapid adoption.”
To learn more about the PhotoShelter-Clearhaven partnership and PhotoShelter’s plans for the future, take an inside look at how PhotoShelter for Brands can help your organization improve its digital asset management strategy today.