The platform combines the ease of use of file management with DAM features to eliminate the friction of distributing digital media.
(Boston, MA, November 1, 2022) — Stockpress, the platform changing how distributed teams approach file management, today announced it has raised $1.8 million in Seed funding, bringing its total raised to $2.5 million to date.
The round was led by Argon Ventures, with participation from York IE, Two Lanterns VC, The The Fund XX/Everywhere Ventures, and follow-on investment from Stage 2 Capital and deftly.vc. Alumni Ventures also participated in the company’s previous fundraising activities.
Built for teams whose work depends on finding and sharing files, Stockpress combines the ease of use of file management with the features of digital asset management (DAM) software. The Stockpress platform helps eliminate the friction of distributing digital media and activating partnerships through scalable team collaboration. With an unlimited user model, Stockpress enables distributed teams to more easily collaborate with employees, agencies, and freelancers.
“We’re excited to continue scaling the Stockpress business — not just in terms of new customers, but growing through our existing customer base too,” said Jessica Storry, CEO and Co-founder at Stockpress. “We’re building integrations with the tools our customers are using every day. Whether it’s project management, design, or communication, we’re looking to be the hub for teams to organize, share, and find media files.”
The oversubscribed round reflects a strong 12-month performance for Stockpress in which revenues have grown, margins have remained high, and product-led user growth continues to accelerate. This performance has been reflected by the fact that the company was named a momentum leader by G2 and achieved the following badges in 2023: High Performer, Best Support, Easiest Admin, Easiest to Use, Momentum Leader, and Easiest To Do Business With.
The Stockpress team prides itself on its commitment to growing with its existing customers. By consistently adding features and integration to address customer needs, the company has achieved a 94% growth in storage for its paid accounts over the past year. Stockpress’s average account value has doubled over the last eight months.
With the new injection of capital, Stockpress will be able to grow its team and invest in its motion to attract, engage, and convert new customers from the burgeoning content, marketing, and creative communities.
“Digital media reigns supreme in our increasingly online world,” said Bob Mason, Co-Founder and Managing Partner at Argon Ventures. “We believe that businesses are aching for new tools to help in their media production and then activate marketing, advertising, and partnership collaborations. Generative AI media tooling will also reshape how media is produced and distributed – and by whom. Stockpress’s approach has the opportunity to be very disruptive to legacy incumbents in the file sharing and DAM world.”
Stockpress is designed to be a simple, scalable, and secure file management solution for distributed teams.
Stockpress’s differentiated technology includes unlimited custom user roles and teams, file imports from Dropbox, Box, and Google Drive, the ability to identify and combine duplicate files, visual search and filter, flexible metadata mapping, custom and AI tagging, file versioning, advanced reporting on file usage and team stats, and FTP capabilities for media teams operating in the field. These features allow teams to find and share files more easily — enabling enhanced collaboration and less file frustration.
Prior to building Stockpress, the four founding members ran a successful digital development agency for 12 years. The team was continuously frustrated by having to use a combination of DAMs and file management platforms to collaborate on files with freelancers and clients.
Traditional enterprise file management software options were built on complex folder structures, duplicate files, and expensive user licenses that limited team collaboration. Enterprise DAMs were expensive, required a dedicated resource to manage, and took months – if not years – to implement.
The team built Stockpress initially as an internal tool for the agency. It was soon adopted by clients and gained momentum as a standalone solution across various industries.
“We love working with founders that are solving pain points they’ve experienced first-hand — and that’s exactly what Jessica and the Stockpress team are doing,” said Marshall Everson, VP of Investments and Strategy at York IE. “There’s a major void in the market between file management solutions and DAMs. Stockpress is the modern, cost-effective way for distributed teams to get the best of both worlds.”
Stockpress users can sign up for free with 3 GB of storage and unlimited users. Packages begin at just $49 per month, all with unlimited users, with premium packages available for customers who require advanced file management features and account support. Sign up or schedule a demo at stockpress.co.
Stockpress is the platform changing how distributed teams approach file management. Built for distributed teams managing employees, agencies, and freelancers, Stockpress combines the ease of use of file management with the features of a DAM. The Stockpress platform helps eliminate the friction of distributing digital media and activating partnerships through scalable team collaboration. Its differentiated technology includes unlimited custom user roles and teams, file imports from Dropbox, Box, and Google Drive, the ability to identify and combine duplicate files, visual search and filter, flexible metadata mapping, custom and AI tagging, file versioning, advanced reporting on file usage, and team stats and FTP capabilities for media teams operating in the field. Redefine your file management at stockpress.co.
ABOUT ARGON VENTURES
Argon Ventures is a venture fund with a mission to amplify the energy of founders to launch breakthrough products to build impactful, global businesses. The firm’s Intelligent Industry Solutions investment thesis is centered on cutting-edge software platforms that accelerate productivity & drive top-line revenue, transform markets through radical efficiency and create enterprise value through data at scale. Argon’s portfolio spans a number of markets, including digital health, future of work, manufacturing, and others. The founding General Partners collectively bring over four decades of experience as successful operators, investors, advisors, founders, and C-level executives of global companies.
ABOUT YORK IE
York IE® is a vertically integrated strategic growth and investment firm for technology companies. The company supports ambitious entrepreneurs, operators, and investors on their quest to build startups, innovate at scale and disrupt markets. York IE leverages its proprietary data and automation technology and deep operational expertise to provide advisory as a service and to selectively invest in early-stage B2B SaaS. Fuel® Your Strategic Growth at york.ie.
kate [@] york.ie