A coworking space with fifty desks opened on Harris Street in Ultimo in April 2011 with just three simple criteria for accepting members: they had to be working on something scaleable, have skills to share, and be willing to build their own desk. Almost seven years on with branches in Brisbane and Shanghai, it sometimes… Read more »
It looks like in 2015 that the growth of DesignCrowd is going to accelerate even further and faster with an announcement that the company has closed a further $6 million in Series B funding today.
Australia’s global crowdsourcing hub was first identified in 2010 by Australian futurist Ross Dawson when he observed a number of emerging Aussie crowdsourcing startups (including Freelancer and DesignCrowd – a site that I operate) were taking on the world.
Over the last two years, Alec Lynch, along with his co-founder at DesignCrowd Adam Abolino, have launched their company into new markets (including Asia) raised capital, acquired Worth1000 and recently announced that they hit $20 million in payments being paid out to designers using the platform. That is twice the amount the company paid out for the same period last year.
Sydney-based startup DesignCrowd has just hit $10 million in crowdsourced design projects, proving that crowdsourcing is THE hottest trend in the market right now.
There has always been hype around Silicon Valley – it’s warranted of course, San Fran has birthed many amazing startups and founders in it’s time. But being smack bang in the Asia Pac region, should Aussie Startups be looking closer to home for a mass market to explore?