Pastbook has announced a new investment round of approximately €1.7M euros to support its international expansion. The startup’s platform enables users to print their Instagram and Facebook memories into high quality printed photo books. With one click of a button, photos are instantly chosen and arranged in the best way possible.
This new investment round brings the total amount raised by the company to over €2.1M euros. The investment was done in two waves: an initial convertible note followed up by a new investment from existing investors, including Vortex Capital Partners. According to investor Dinko Valerio – Founder and former CEO of Crucell, “As a sparring partner and investor, I am very pleased with the roll-out and success of Pastbook. The company is clearly poised for further growth, which is why I am happy to continue my support.” Illustrating its exponential growth, Pastbook has been increasing its revenue at a rate of 10x YoY (year over year) for the last three years in a row.