ReSnap from Nijmegen just announced they got 450.000 dollar (395.000 euro) in funding from informal investors to quickly roll out their service.
The investment will also be used to hire extra developers and to kickstart collaboration with several universities, co-founder Thomas Beguin told StartupJuncture.
Together with the universities ReSnap wants to develop the so called deep learning technologies, used to recognize photos in their tool.
Founded in 2013, ReSnap entered the NewVenture competition in 2014. Their tool allows users to create digital photo books from pictures on social media. If you want, you can order the book in print as well.
“This investment is a great first step”, co-founder Erik-Jan Schreurs said in a release. In about a year the team expects to raise “several millions”.
Photo by ReSnap