Betaworks, High Line Venture Partners, SV Angel Back LayerVault

By Erin Griffith , written on August 17, 2012

From The News Desk

LayerVault, a New York-based design software startup, has closed a seed round of funding worth $535,000 from betaworks, High Line Venture Partners, and SV Angel to expand its suite of workflow tools.

The company's goal is to become the "center of the universe" for design projects, much in the way that Photoshop currently is for designers. In LayerVault, the project is at the center of a hub of many outside users. The software's ability to store, track, and share work has already made it popular among designers. The tools keep a timeline of revisions of designs, are collaborative with realtime updates, and include a visual search function. Oh, and the storage is unlimited.

The company's co-founders, Allan Grinshtein and Kelly Sutton, were previously product designer for Jetsetter and Blip. This is their first startup, and they have bootstrapped the project for the last year. In the process, they've signed up hundreds of users ranging from startups to national media organizations, all of which pay between $19 to $200 per month to use the services.

The new funding will allow Sutton and Grinshtein to go full time on LayerVault and hire a few more employees, Grinshtein says.