{"id":43903,"date":"2023-10-20T15:31:59","date_gmt":"2023-10-20T15:31:59","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/designcrowd-raises-a-further-3-million-announces-plans-to-internationalise-startupsmart\/"},"modified":"2023-10-20T15:31:59","modified_gmt":"2023-10-20T15:31:59","slug":"designcrowd-raises-a-further-3-million-announces-plans-to-internationalise-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/designcrowd-raises-a-further-3-million-announces-plans-to-internationalise-startupsmart\/","title":{"rendered":"DesignCrowd raises a further $3 million: Announces plans to internationalise – StartupSmart"},"content":{"rendered":"
DesignCrowd, an online marketplace for graphic design, has raised $3 million from Starfish Ventures.<\/p>\n
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The funds will go towards setting up offices and launching teams in the United States in early 2014, and the United Kingdom and Canada in late 2014.<\/p>\n
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Co-founder and chief executive Alec Lynch is also exploring markets in Europe, South America and Asia, and says they plan to launch the service in two yet-to-be-determined languages in mid-2014.<\/p>\n
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Lynch told StartupSmart<\/i> the expansion would enable them to better scale the company.<\/p>\n
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\u201cWe\u2019ve done a really good job at scaling from Australia, but about 75% of our revenue comes from outside Australia. We\u2019ll be looking to hire local sales and marketing staff first,\u201d Lynch says, adding he will be based in the United States with the new team from early next year.<\/p>\n
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According to Lynch, there are 40 start-ups worldwide offering design marketplace services in a global graphic design market worth $44 billion each year.<\/p>\n
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