Fundraising Fox

Shotzr

Acquired

Denver, US · Founded 2017 · Delaware corporation · 7 known investors

Denver-based image platform delivering hyperlocal, audience-targeted photography for digital marketing; acquired by Shutterstock in 2021.

Also known as Shotzr, Inc.

Founders & leadership

Shotzr was founded in 2017 by Frank Cardello and Mark Lemmons.

FC
Frank CardelloFounder
ML
Mark LemmonsFounder

Board

BW
Brian WallaceBoard director

Investors · 7

Also in the syndicate · 4

DVI Equity PartnersFirst Mile VenturesRVCSpring Time Ventures

Reported raises · per SEC filings

Form D private placements

$3.7M disclosed across 3 of 4 rounds · 2017–2021

$929.1KraisedApr 2021 · 11 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Frank CardelloExecutive Officer, Director, Promoter
  • Mark LemmonsExecutive Officer, Director, Promoter
  • Brian WallaceDirector
Offering amount
$1.3M
Amount sold
$929.1K
First sale
Apr 2021
Incorporated
Corporation, Delaware, 2017
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$1.4MraisedMar 2019 · 17 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Mark LemmonsExecutive Officer, Director, Promoter
  • Frank CardelloExecutive Officer, Director, Promoter
  • Brian WallaceDirector
Offering amount
$2.5M
Amount sold
$1.4M
First sale
Mar 2019
Incorporated
Corporation, Delaware, 2017
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$1.3MraisedAug 2018 · 14 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Mark LemmonsExecutive Officer, Director
  • Frank CardelloExecutive Officer, Director
  • Brian WallaceDirector
Offering amount
$1.3M
Amount sold
$1.3M
First sale
Oct 2017
Incorporated
Corporation, Delaware, 2017
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Shotzr, Inc. was a Denver, Colorado company that supplied targeted, hyperlocal imagery for online, social media and digital advertising campaigns. Rather than serving generic stock libraries, the platform matched images to the locations, demographics and interests of a marketer's intended audience, with the stated aim of improving engagement and return on ad spend. The company described its approach as providing authentic photography at scale in a way that was cheaper and better aligned with how companies actually consume and use visual content.

The product line comprised two main services. Shotzr Engage resembled a conventional stock photography platform, giving marketers access to the company's full image library while also allowing them to request specific shots, which were fulfilled by local photographers in the company's contributor network — for example an upcoming event, a new restaurant opening or a particular landscape view. Shotzr Identify was a programmatic API for advertisers that drew from a pool of approved images to assemble more targeted and relevant ad campaigns. The company later applied predictive analysis to help customers select images likely to resonate with key audiences across social media and other digital channels, positioning itself as an AI advertising startup by the time of its acquisition.

Business model

Shotzr operated a two-sided platform connecting a network of contributing photographers, influencers and creatives with enterprise and brand marketers who needed a continuous supply of authentic imagery. Customers could license images from the library or submit requests that the contributor network fulfilled on demand, and advertisers could access imagery programmatically through an API.

The company monetized access to its image platform and library through its Engage service for marketers and through the Identify programmatic API for advertisers, alongside fulfillment of custom image requests by its contributor network.

Traction

By the time of its 2019 seed round the company had spent about two years building its platform, had assembled a network of more than 3,000 photographers worldwide, and counted clients including W Hotels and Natural Grocers. A Gust profile listed the company at full product ready stage with five employees.

Latest developments

In August 2021 Shutterstock acquired Shotzr. The transaction was announced alongside two other AI platform acquisitions that supported the formation of Shutterstock.AI, which Shutterstock CEO Stan Pavlovsky said would help customers discover and select relevant content that resonates with audiences. Law firm KO represented Shotzr in the deal.

Full profile — market position, technology, go-to-market, geography, history

Market position

The company positioned itself against traditional stock photography providers, citing a market it sized at more than $4.4 billion per year for imagery serving social media marketers. It was named to Built In Colorado's 50 Startups to Watch in 2019 list, and its technology was ultimately absorbed into Shutterstock's AI unit.

Compared with traditional stock photography sources, Shotzr emphasized hyperlocal and audience-matched imagery, the ability for users to request specific new photos fulfilled by local photographers, and programmatic delivery of approved images into ad campaigns rather than manual library search.

Technology

The platform combined a curated image library and contributor sourcing workflow with technology that linked audience attributes — location, demographics and interests — to creative selection. It exposed a programmatic API (Shotzr Identify) for advertisers and offered channel integrations, and it used predictive analysis to identify images expected to resonate with specific audiences.

Go-to-market

Shotzr sold directly to marketers and advertisers through its platform, API and channel integrations, and built out its contributor supply side to guarantee fulfillment of customer image requests.

Enterprise and brand social media marketers, digital marketing teams and advertisers; disclosed clients included W Hotels and Natural Grocers.

Geography

Headquartered in Denver, Colorado, United States, with a worldwide network of contributing photographers and hyperlocal image coverage supporting customer campaigns.

History

The company was founded in the mid-to-late 2010s in Denver (Built In Colorado cites a 2017 founding; a Gust profile lists October 2016) by Frank Cardello and Mark Lemmons, both previously executives at Deluxe and Wazee Digital. It spent roughly two years building its platform before raising a $3 million seed equity financing in April 2019 led by Access Venture Partners, at which point Access Venture Partners managing director Brian Wallace joined the board. In August 2021 Shotzr was acquired by Shutterstock, one of three AI platform acquisitions that underpinned the formation of Shutterstock.AI.

Compiled by commissioned research from 4 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
EmployeesJan 20195 people
Photographer network sizeApr 20193,000 photographers
Stated addressable marketJan 2019$4.4B

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 4

launches, deals, and filings
Aug 2021
Shutterstock acquires Shotzr

Shutterstock acquired Shotzr, Inc., a Denver-based AI advertising startup, in a deal that included two other AI platforms and fueled the formation of Shutterstock.AI. KO Law, led by partner Jennifer Rosenthal with attorneys Ryan Sykora and Keenan Weatherford, represented Shotzr.

source ↗

Apr 2019
Shotzr closes $3M seed round led by Access Venture Partners

Shotzr closed a $3 million Series Seed equity financing led by Access Venture Partners with participation from DVI Equity Partners, Blue Note Ventures, First Mile Ventures, Spring Time Ventures and RVC. Proceeds were directed primarily at developing the company's ad technology, plus additional content investment and channel integrations.

$3M source ↗

Apr 2019
Brian Wallace joins Shotzr board of directors

As part of the seed financing, Brian Wallace, managing director of Access Venture Partners, joined Shotzr's board of directors.

source ↗

Jan 2019
Named to Built In Colorado's 50 Startups to Watch in 2019

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
ShotzrDelaware

In the news

Research sources · 4

primary sources listed

4 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Shotzr do?
Denver-based image platform delivering hyperlocal, audience-targeted photography for digital marketing; acquired by Shutterstock in 2021.
Who founded Shotzr?
Shotzr was founded by Frank Cardello, Mark Lemmons in 2017.
Who are Shotzr's investors?
Shotzr's investors include Elevate Ventures, FirstMile Ventures, Access Venture Partners.
How much funding has Shotzr raised?
Shotzr has disclosed $3.7M raised across 3 of its 4 known rounds.
Where is Shotzr headquartered?
Shotzr is headquartered in Denver, US.