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EyeEm
View on WikipediaEyeEm (originally Eye'em), pronounced "I am",[1] is a German technology company that provides services related to photography. It was co-founded by Florian Meissner, Ramzi Rizk, Gen Sadakane, and Lorenz Aschoff in Berlin in 2011.[2][3]
Key Information
With a community of over 18 million users and 70 million photos as of August 2016,[4] the company uses artificial intelligence to find the images to license to brands, agencies or individuals.[5] Eyeem.com and the EyeEm mobile app offer photographers the ability to share photographs and discuss photography.[6]
In June 2021, it was acquired by Talenthouse.[7] In October 2023, six months after the German company filed for bankruptcy,[8] it was announced that EyeEm had been acquired by Freepik.[9]
History
[edit]In early 2010, photographers Florian Meissner, Ramzi Rizk, Gen Sadakane and Lorenz Aschoff decided to host a mobile photography competition.[10] The winners and runners-up were part of an exhibition that took place in Berlin on June 22 of the same year.[11][self-published source?]
During the beta period, EyeEm was an iPhone-only app and was called EYE'EM, and had around 5,000 users from 79 countries.[12] In early 2011, the founders began working on the idea full-time and launched the first version of the EyeEm app on Android and iOS in August 2011.[13]
In March 2014, three months before it reported having more than 10 million users,[14] it partnered with Getty Images to distribute photographs taken by EyeEm users.[15] The following year, in March, it reached 13 million users and launched Market, its online marketplace where users can sell their own images.[16]
In April 2015, the company raised $18M in Series B funding. The round was led by Valar Ventures and includes existing investors Earlybird Ventures, Passion Capital, Wellington Partners, Atlantic Labs and Open Ocean Capital. As part of the new round, Valar took a board seat at the company.[17]
In June 2015, EyeEm launched the Discover Feed, a manually curated feed.[18] In September, it launched EyeEm Vision (previously called EyeVision), a deep learning computer vision framework that attempts to identify and rank images by aesthetics and concept.[19]
In January 2016, EyeEm announced a new partnership with Alamy as another distribution partner besides Getty.[20] In May 2016, EyeEm launched The Roll, an iOS app that attempts to analyze images to rank them by quality.[21]
At the Apple Worldwide Developers Conference (WWDC) in 2016, it was announced that The Roll would be one of the first apps to integrate with Siri.[22] In July 2016, EyeEm reaches 18 million users and opened their Web Upload to all users.[23]
On February 16, 2019, EyeEm announced that they got hacked and its database was put for sale on the Dream Market. The database consists of roughly 22 million records and included email addresses and passwords. The passwords were stored encrypted (hashed and salted) with the SHA-1 algorithm.[24]
In April 2024, EyeEm changed its terms of use, requiring all users to grant a sublicensable right to their content for the purposes of training and improving "software, algorithms, and machine-learning models".[25]
Technology
[edit]EyeEm's image recognition technology uses artificial intelligence to tag and rank images based on an aesthetic score assigned to each photo. When users upload a photo via the Web Upload tool, this technology is used to suggest keywords. The company applied this to an iOS app called The Roll, which launched in May 2016, and organizes the images on users' camera roll.[26]
Funding
[edit]EyeEm was incorporated in Berlin, Germany,[27] in February 2011 by founders Florian Meissner, Lorenz Aschoff, Gen Sadakane, and Ramzi Rizk.
The company has raised $24 million to date in funding from Valar Ventures, Earlybird Venture Capital, Passion Capital, Wellington Partners, Atlantic Labs and OpenOcean. In 2018, it was revealed that the company raised an additional $10 million in an internal round from existing investors, with new investors Cipio Partners joining the round.[28][29]
In June 2021, New Value AG, also known as Talenthouse, acquired EyeEm for close to $40 million USD.[7][30]
See also
[edit]References
[edit]- ^ Oppong, Thomas (2013-11-15). "12 of the Hottest Startups in Germany". Alltopstartups. Retrieved 2016-08-04.
- ^ Pakarklis, Emil (2014-07-03). "How Flo Meissner Created EyeEm Photo Sharing Network". iPhone Photography School. Retrieved 2016-08-04.
- ^ "German Handelsregister - EyeEm". Retrieved November 23, 2022.
- ^ Cade, DL (2016-07-27). "Exclusive: EyeEm Wooing Flickr Users, Opens Up Web Uploader to Everyone". PetaPixel. Retrieved 2016-08-07.
- ^ Scott, Mark (2015-09-18). "From EyeEm, Technology to See and Tag Photos". The New York Times. Retrieved 2016-08-07.
- ^ Lee, Tyler (2015-04-16). "EyeEm Wants To Help You Sell Your Smartphone Photos but they won't pay you even if they have commissioned work from you, they won't pay you". Ubergizmo. Retrieved 2016-08-07.
- ^ a b Butcher, Mike (29 March 2022). "Talenthouse flotation finally reveals a $40M exit for EyeEm, Europe's almost-Instagram". TechCrunch. Retrieved 17 May 2022.
- ^ "EyeEm, once Europe's challenger to Instagram, files for bankruptcy". Tech.eu. 2023-04-14. Retrieved 2023-04-14.
- ^ "Freepik completes acquisition of stock photography firm EyeEm". Business Leader. 13 October 2023. Archived from the original on 2024-01-19. Retrieved 2023-10-21.
- ^ "Europe's hottest startup capitals: Berlin". Wired UK. ISSN 1357-0978. Retrieved 2023-03-29.
- ^ "EYE'EM" by Mobile Photography, Lulu.com, first edition, October 26, 2010
- ^ "EyeEm Launches for iOS and Android". PRWeb (Press release). Archived from the original on September 22, 2014. Retrieved 13 March 2021.
- ^ Butcher, Mike (2011-08-04). "EyeEm's Camera App Is A Beautiful New Interface For Photography". The News Hub. Retrieved 2016-08-09.
- ^ Weber, Harrison (2014-06-25). "Photography community EyeEm launches Android redesign, hits 10M users". VentureBeat. Archived from the original on 2016-09-05. Retrieved 2016-08-09.
- ^ Robehmed, Natalie (2014-04-06). "Photo App EyeEm Partners With Getty To Sell User Images". Forbes. Retrieved 2016-08-09.
- ^ Sawers, Paul (2015-03-26). "13M users on, EyeEm launches a marketplace to let you turn your photos into cash". VentureBeat. Archived from the original on 2016-08-12. Retrieved 2016-08-09.
- ^ Wagner, Kurt (2015-04-16). "EyeEm Raises $18 Million in Quest to Sell Your Smartphone Photos". Recode. Retrieved 2016-08-09.
- ^ Yeung, Ken (2015-07-08). "EyeEm's photo app adds curated content to inspire you and connect you". VentureBeat. Archived from the original on 2016-10-13. Retrieved 2016-08-09.
- ^ Dove, Jackie (2015-09-18). "EyeEm wants its new EyeVision algorithm to be the Google of photography". The Next Web. Retrieved 2016-08-09.
- ^ Torrens, Lee (2016-01-19). "EyeEm Adds Alamy as Distribution Partner". Microstock Diaries. Archived from the original on 2020-09-28. Retrieved 2016-08-17.
- ^ Jan Kamps, Haje (2016-05-12). "The Roll helps you find the best photos on your phone". TechCrunch. Retrieved 2016-08-17.
- ^ Hannah, Gal (2016-06-14). "Artificial Intelligence On Stage at Apple's #WWDC2016". The News Hub. Archived from the original on 2016-09-21. Retrieved 2016-08-17.
- ^ Cade, DL (2016-07-27). "Exclusive: EyeEm Wooing Flickr Users, Opens Up Web Uploader to Everyone". PetaPixel. Retrieved 2016-08-17.
- ^ Oppong, Thomas (2019-03-16). "620 million accounts stolen from 16 hacked websites now for sale on dark web, seller boasts". Theregister. Retrieved 2019-03-16.
- ^ Perez, Sarah (2024-04-26). "Photo-sharing community EyeEm will license users' photos to train AI if they don't delete them". TechCrunch. Retrieved 2024-04-28.
- ^ Dwoskin, Elizabeth (2016-10-01). "New Software Sifts Photos for the Most Clickable". The Wall Street Journal. Retrieved 2016-08-17.
- ^ "EyeEm Receives Seed Funding". FinSMEs. 4 August 2011. Retrieved 13 March 2021.
- ^ "CIPIO PARTNERS - European Growth Capital and Minority Buyouts for Technology Companies". www.cipiopartners.com. Archived from the original on 8 July 2019. Retrieved 13 March 2021.
- ^ Hofmann, Alex (2 July 2018). "EyeEm holte sich 10 Millionen Dollar – und erzählte es niemandem". Business Insider (in German). Retrieved 13 March 2021.
- ^ Carleton, Will. "Stock photo agency EyeEm sold". Photo Archive News. Retrieved 23 December 2022.
External links
[edit]EyeEm
View on GrokipediaEyeEm is a Berlin-based technology company founded in 2010 that operates a global marketplace for premium stock photography and video content, utilizing AI-driven computer vision to connect independent creators with brands seeking authentic, on-brand visuals.[1][2][3]
Originally launched as a mobile photo-sharing app in 2011 amid the rise of platforms like Instagram, EyeEm evolved from an underground art movement into a commercial platform empowering over 8 million creators worldwide to monetize their work through features like targeted "Missions" and personalized search tools.[4][1][5]
The company faced significant challenges, including delays in royalty payments to contributors, culminating in a bankruptcy filing in Germany in early 2023, after which it was acquired by Freepik, a Spanish design resource provider, enabling a restructuring and resumption of operations under new ownership.[5][6][7]
History
Founding and Early Development (2011–2014)
EyeEm was founded in Berlin, Germany, in 2011 by Florian Meissner, Lorenz Aschoff, Gen Sadakane, and Ramzi Rizk, with the initial concept emerging from Meissner's shift to mobile photography using an iPhone after losing his DSLR camera in New York in 2009.[5][4] The platform originated as a mobile app aimed at fostering a community for sharing and discovering smartphone-captured photographs, building on early experiments like the EyeEm Mobile Awards launched in summer 2010, which collected thousands of images for a Berlin exhibition.[4] In 2011, the co-founders organized the world's first major mobile photography competition, attracting over 5,000 global participants and culminating in an exhibition in a Berlin underground station, which helped establish EyeEm as an underground art movement empowering emerging photographers.[8] The first version of the EyeEm app was released on August 4, 2011, for iOS and Android, following beta testing with 5,000 users who provided feedback on its core features for photo sharing and community interaction.[4][9] Shortly after launch, EyeEm secured seed funding from Passion Capital and Wellington Partners, enabling a small team—initially around seven members including the founders—to operate from a shared Berlin studio and focus on grassroots growth through global meetups in cities like Singapore, Los Angeles, and Tokyo.[10][9] Early challenges included technical issues like app crashes and limited initial traction despite media attention, but the platform emphasized community-driven expansion via photowalks, exhibitions, and user-generated stories, leading to millions of photos shared within the first years.[9] In February 2012, EyeEm released version 2.0, enhancing features for better photo discovery and community engagement.[9] The company raised a $6 million Series A round in July 2013, led by Earlybird Venture Capital with participation from existing investors Wellington Partners and Passion Capital, to support platform scaling and marketing efforts.[11] By late February 2014, EyeEm introduced "The Market," a feature allowing users to license and sell their photographs to brands, marking a pivot toward monetization while maintaining its community focus amid growing skepticism about profitability in photo-sharing apps.[9] This period saw translation of the app into multiple languages and expansion of ambassador programs, with hundreds applying in single days, solidifying EyeEm's position as a hub for mobile visual content creators.[9]Expansion and Partnerships (2015–2020)
In April 2015, EyeEm raised $18 million in Series B funding led by Valar Ventures, with participation from existing investors including Earlybird Venture Capital and Passion Capital, increasing total funding to about $24 million.[12][13] This investment targeted scaling the photo marketplace, enhancing technology for image licensing, and growing the user community, which stood at 13 million registered users.[13][14] User growth accelerated, reaching over 18 million photographers by July 2016, alongside the introduction of a web uploader open to all members to streamline uploads beyond mobile apps.[15][9] Community engagement surged, evidenced by the 2016 EyeEm Awards receiving 35% more submissions from 49% more participants than in 2015.[16] Partnerships broadened distribution; EyeEm's ongoing collaboration with Getty Images, initiated in 2014, continued to channel select images into the EyeEm Collection on Getty and iStock platforms.[17] In October 2016, a new agreement with Adobe Stock enabled automatic consideration of premium EyeEm Market photos for licensing, with photographers retaining a 50/50 revenue share and AI-assisted keywording to optimize discoverability.[18][19] Ties with Alamy further extended reach to additional buyers.[20] These alliances leveraged EyeEm's growing inventory—exceeding 70 million photos by late 2016—to connect creators with commercial opportunities.[9]Acquisition by Talenthouse and Operational Strains (2021–2022)
In June 2021, Talenthouse AG (operating under the former name New Value AG) acquired EyeEm for approximately $40 million, integrating it into its portfolio of creative platforms as part of a strategy to expand visual content licensing ahead of Talenthouse's public listing on the SIX Swiss Exchange.[21][22] The transaction, initially agreed upon on May 25, 2021, was finalized by December 30, 2021, positioning EyeEm under Talenthouse's umbrella alongside other artist-focused services.[22] This move was framed by Talenthouse as enhancing EyeEm's global reach through synergies in creator monetization, though it quickly exposed integration challenges.[23] Post-acquisition, EyeEm encountered significant operational strains, including persistent delays in royalty payments to contributing photographers starting in mid-2022. By August 2022, multiple contributors reported unpaid earnings accumulated over months, prompting public complaints and scrutiny from industry outlets.[24] Talenthouse attributed the backlog—estimated to affect royalties from licensing deals—to implementation issues with new accounting systems and broader "global events," such as lingering economic disruptions from the COVID-19 pandemic, without specifying resolution timelines or affected volumes.[24][25] These payment issues coincided with a sharp devaluation of EyeEm's assets by Talenthouse, which, mere months after the $40 million purchase, reassessed its worth at a single-digit million figure amid the parent's post-IPO financial pressures in 2022.[26] Talenthouse's Zurich listing earlier that year had highlighted the acquisition as a growth driver, but subsequent reporting revealed strains from overexpansion and market headwinds in the creative economy, leading to speculation about EyeEm's viability and contributor withdrawals.[21][27] Despite assurances of backlog clearance, the episode eroded trust among EyeEm's user base of over 25 million images, foreshadowing deeper liquidity problems.[24]Bankruptcy Filing and Freepik Acquisition (2023)
In April 2023, EyeEm GmbH, the Berlin-based photography platform, initiated insolvency proceedings under German law amid financial distress inherited from its parent company, Talenthouse Group AG.[26][28] The filing stemmed from operational challenges and unprofitability following Talenthouse's acquisition of EyeEm in mid-2021, which had initially valued the exit for EyeEm's founders at approximately $40 million but led to broader group restructuring needs.[21][5] During the proceedings, EyeEm's platform was stabilized by legal advisors including Greenberg Traurig's restructuring team, which managed creditor claims and preserved core operations with a reduced staff.[29] On October 12, 2023, Spanish design resource platform Freepik Company S.L., backed by private equity firm EQT, announced its acquisition of EyeEm's assets from insolvency administration, enabling the platform's revival without assuming prior liabilities beyond specified commitments.[5][30] Financial terms were not disclosed, but Freepik committed to settling all outstanding payments owed to EyeEm's approximately 140,000 contributors, addressing delays in royalties and licensing fees that had accumulated during the insolvency.[31][32] The deal granted Freepik access to EyeEm's library exceeding 160 million images, bolstering its content ecosystem while allowing EyeEm to continue as an independent entity focused on photographer monetization and AI-enhanced tools.[30][5]Post-Acquisition Developments (2024–present)
In April 2024, EyeEm updated its terms of service to permit the licensing of user-uploaded photographs to third-party AI developers for training generative models, applying to any images not explicitly deleted by contributors.[33] This opt-out mechanism required manual deletion of individual assets rather than a centralized toggle, prompting criticism from photographers who viewed it as insufficient for protecting intellectual property rights and ensuring fair compensation.[33] The policy aligned with Freepik's broader emphasis on AI-driven tools, leveraging EyeEm's library of over 160 million images to support data needs in visual content generation.[5] Freepik integrated EyeEm's catalog into its ecosystem, expanding distribution channels for contributors while maintaining EyeEm's independent operation as a community-focused stock photography platform.[34] This incorporation contributed to Freepik's growth in the AI-enhanced creative assets market, with EyeEm's authentic imagery complementing Freepik's vector and illustration resources.[35] As of mid-2025, no major structural changes or further public announcements regarding EyeEm's operations have been reported, though its assets continue to underpin Freepik's competitive positioning against larger stock photo providers.[35] Contributor payouts and platform functionality have stabilized post-acquisition, with ongoing emphasis on royalty-free licensing and community missions.[36]Technology and Platform Features
Core Mobile and Web Platform
EyeEm's core platform integrates a mobile application for iOS and Android with a web interface, enabling photographers to upload, curate, and share images within a community-focused ecosystem emphasizing mobile capture and stock licensing. The mobile app supports direct photo capture or import from device libraries, including analysis of camera rolls to tag and rank images by aesthetic and commercial potential using computer vision algorithms.[37] Users can perform basic edits such as applying filters, frames, cropping, and enhancements before uploading, facilitating quick processing on mobile devices.[38] The web platform complements mobile functionality by offering batch uploads and automatic keywording tools, which streamline content management for larger portfolios without requiring app-based editing.[39] Profiles feature a grid-based layout displaying images in enlarged formats, allowing users to showcase work professionally and track interactions like likes and comments.[40] Both interfaces enable participation in EyeEm Missions—branded photo challenges that provide exposure and prizes—alongside access to the in-app EyeEm Magazine for skill-building tips and community stories.[41] Central to the platform is seamless integration for monetization: photographers retain full copyright, selectively opt images into the marketplace, and earn royalties from repeated licensing sales distributed via EyeEm and partners like Getty Images.[39] The system supports over 8 million users globally, fostering interactions such as sharing advice and inspiration, while multi-upload capabilities on mobile prevent workflow disruptions.[41][42] This dual mobile-web architecture prioritizes accessibility for amateur and professional mobile photographers, though web tools emphasize bulk operations suited to higher-volume contributors.[43]AI-Driven Tools for Tagging and Licensing
EyeEm Vision, introduced in 2016, serves as the platform's primary AI-driven computer vision engine for automated image tagging. Powered by deep learning models trained on millions of photographs from its user community of over 15 million photographers, the system analyzes uploaded images to detect and suggest metadata encompassing objects, abstract concepts, and emotions. For instance, it can identify tangible elements like "mountain" or "hiker" alongside interpretive tags such as "freedom" or "looking down," proposing up to 20 keywords per photo to capture nuanced content beyond basic object recognition.[44][45] This autotagging capability integrates directly into EyeEm's mobile and web upload processes, where users can accept, edit, or reject suggestions before finalizing albums for the marketplace. By leveraging continuous learning from new uploads, EyeEm Vision refines its accuracy over time, distinguishing it from static rule-based systems and reducing manual keywording efforts, which historically consumed significant time for photographers preparing content for sale. The tool's implementation, in partnership with AI provider Mobius Labs, extends to advanced features like facial recognition for people tagging and sequence identification in videos, further automating metadata for diverse media types.[46][47] For licensing, EyeEm Vision enhances the efficiency of the EyeEm Market by improving image discoverability through semantically rich tags, enabling buyers—such as brands and agencies—to locate relevant visuals via advanced search queries. Once tagged, photos become instantly eligible for royalty-free licensing deals, with AI-suggested metadata bridging the gap between user uploads and commercial matching without requiring extensive human curation. This process supports the platform's core monetization by prioritizing high-quality, well-categorized content in search results and recommendations, though users retain control over final tag approval to ensure alignment with licensing intent.[44][48]Business Model
Image Marketplace Mechanics
EyeEm Market operates as a non-exclusive stock photography platform where contributors upload images via mobile app or desktop web uploader, which automatically applies keywords using AI-driven tools like EyeEm Vision for better discoverability.[39][49] Photographers must enable their account for selling, retain copyright ownership, and select specific images to submit for commercial licensing, ensuring compliance with guidelines such as high-resolution files (minimum 4MP), absence of visible trademarks or logos without property releases, and avoidance of over-editing that alters reality.[50][51] Submitted images undergo a manual review process by EyeEm's team, evaluating technical quality, commercial appeal, model/property releases for identifiable subjects, and editorial restrictions like no recognizable people for commercial use without consent.[52][53] Approved images enter the marketplace catalog, available for royalty-free licensing to buyers worldwide, with potential distribution through partners including Getty Images for expanded reach and multiple sales opportunities.[39][54] Rejected images can be resubmitted after corrections, such as obtaining releases or adjusting metadata. Buyers access the catalog via EyeEm's web platform, searching by keywords, themes, or AI-suggested tags, and purchase custom royalty-free licenses tailored to usage needs, including global rights, multi-seat access, digital/print advertising up to 500,000 copies, and optional extensions for broadcast, resale, or entity sharing.[55][56] Licenses are non-exclusive, allowing images to be licensed repeatedly without time limits, though editorial licenses restrict commercial alterations or advertising use.[57] Following Freepik's 2023 acquisition of EyeEm out of bankruptcy, the core mechanics persisted with added distribution channels, enabling sales across Freepik's ecosystem while maintaining contributor opt-in for marketplace participation.[36][5] Contributors earn royalties per license sale, with historical models providing approximately 50% of net revenue to photographers, though exact rates post-acquisition remain undisclosed in public documentation and vary by partner distribution.[43] Payments occur upon buyer completion, with images eligible for ongoing revenue as the catalog grows to over 160 million assets.[32]Revenue Streams and User Monetization
EyeEm generates revenue primarily through commissions on the licensing of user-submitted photographs and videos to corporate clients, advertising agencies, and other buyers via its marketplace platform.[58] The company retains a portion of each licensing fee after distributing royalties to contributors, with historical splits providing photographers 50% of EyeEm's net earnings from sales.[43] Partnerships with agencies such as Getty Images and iStock have expanded distribution, where revenue from those channels is similarly divided, though effective contributor payouts can be reduced by intermediary fees, sometimes resulting in net commissions below 10% of the original license value.[59][60] Following the 2023 acquisition by Freepik, EyeEm's model integrated into a subscription-based system where buyers access content through Freepik's premium unlimited download plans, charged at a fixed monthly fee to encourage higher volume usage.[61] Revenue from these licenses flows back to EyeEm, maintaining the 50-50 contributor split on proceeds directed through the platform.[36] This shift prioritizes scalability over per-image pricing, potentially lowering individual sale values but increasing overall transaction frequency, though specific financial outcomes remain undisclosed.[5] Photographers monetize by uploading content to EyeEm's platform, retaining copyright while granting non-exclusive licenses for sales; earnings accrue each time an image is licensed, with payouts triggered upon reaching minimum thresholds via methods like PayPal or bank transfer.[39] Contributors can select images for marketplace distribution or agency partnerships, with reported earnings varying widely—ranging from modest per-image royalties (e.g., $2–$15 in some cases) to cumulative totals exceeding $10,000 for active sellers with optimized portfolios focusing on commercial demand.[62][63] Post-acquisition, distribution resumed to channels like iStock/Getty in 2024, aiming to restore prior earning potential amid earlier payment delays.[64] Success depends on factors such as image quality, keywording, and relevance to buyer needs, with non-exclusive arrangements allowing multi-platform sales to maximize income.[65]Funding and Financial Performance
Investment Rounds and Backers
EyeEm obtained seed funding on August 4, 2011, from Wellington Partners and Passion Capital, though the amount remains undisclosed.[66] The company raised $6 million in a Series A round on July 17, 2013, led by Earlybird Venture Capital, with participation from existing backers Wellington Partners and Passion Capital.[11][66] In its largest round, EyeEm secured $18 million in Series B funding on April 16, 2015, led by Valar Ventures, with additional investments from Atlantic Labs, Earlybird Venture Capital, Open Ocean Capital, Passion Capital, and Wellington Partners.[67][66][68] These rounds brought EyeEm's total venture capital funding to $24 million from nine investors, including one angel investor, Daniel Waterhouse.[66] No further equity funding rounds occurred after 2015, preceding the company's later financial difficulties.[5]| Funding Round | Date | Amount | Stage | Key Investors |
|---|---|---|---|---|
| Seed | Aug 4, 2011 | Undisclosed | Seed | Wellington Partners, Passion Capital |
| Series A | Jul 17, 2013 | $6M | Series A | Earlybird Venture Capital (lead), Wellington Partners, Passion Capital |
| Series B | Apr 16, 2015 | $18M | Series B | Valar Ventures (lead), Atlantic Labs, Earlybird Venture Capital, Open Ocean Capital, Passion Capital, Wellington Partners |
