Foap Raises $500,000 For iPhone Photo Crowdsourced Image Bank

I wasn't sure what to think about Malmö-based Foap when they launched in June, but taking a second look they've have a pretty impressive run. The startup allows iPhone users to license and sell the pictures they've taken, so that blogs and businesses can use unique images in their materials. At the time I made a joke about pictures of cats and latte foam-art, but browsing their image bank you can find a selection of high quality photos. Today they announce that they have raised $500,000 (€395k) from Jade Global Investments, based in Asia.

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