We have tapped some of this Australian expertise for our events, notably our Future of Crowdsourcing Summit, held last November simultaneously in Sydney and San Francisco.
The latest news is that design competition platform 99designs, in its first external fundraising, has just received an investment of $35 million from major VC firm Accel Partners. Techcrunch reports that 99designs has been growing at 120% per year, and that the number of design competitions hosted by the firm has doubled in the last four months. While the company didn’t need money, it started to see the potential of investing in growth. According to Techcrunch,