9 years ago

Lobster Raises £1 Million to Scale its User-Generated Content Marketplace

  • U.K

  • startup Lobster is closing a £1 million Series A funding round to scale its user-generated content licensing marketplace

  • The round is led by KL10CH and Nikolay Katorzhnov, with other unnamed investors making smaller contributions

  • The remaining 20 percent of the round will be derived from U.K

  • and international angels, and follow-ons from investors in previous rounds

  • The funding will be used to expand its marketing and partnership efforts overseas, with new offices planned for the U.S

  • and Asia

  • Lobster will also be focusing resources on its AI-powered search, which it launched last year, aiming to enhance content-ranking and show its customers more relevant content

  • Lobster has previously raised around $700,000 in seed funding, including from Wayra UK, U.K

  • angels and via a crowdfunding route.

      • ProblemTechnology

      "Businesses struggle to find and legally license authentic user-generated content for marketing materials, often resorting to tired stock photography."

      Solution

      "Lobster provides a marketplace where businesses can easily find and license user-generated content from social media platforms. The platform simplifies legal use, offers a subscription model, and uses AI to enhance content search and ranking."

      Covered on