Digital Railroad Raises $5.2 Million From Morgenthaler and Venrock

Jun 14, 2005, 01:00 ET from Digital Railroad, Inc.

    NEW YORK, June 14 /PRNewswire/ -- Digital Railroad, Inc.
 (www.digitalrailroad.net), the leading provider of Web-based application
 services for the professional photography industry, announced that it has
 secured $5.2 million in venture capital from Morgenthaler Ventures
 (www.morgenthaler.com) and Venrock Associates (www.venrock.com).
     Digital Railroad will use the "Series A" funding to expand its online
 photo management, distribution and archiving platform. The company has
 developed a unique suite of Web-based services that enable professional
 photographers and photo agencies to manage, market, and sell their images with
 greater efficiency than with existing solutions.
     The founder and chief executive officer of Digital Railroad, Evan
 Nisselson, and his team have been pivotal figures in the photography industry
 as it transitioned from film to digital images.
     Nisselson said, "We are pleased to have successfully completed this
 financing with two outstanding investment firms that can help our company
 expand and improve the Digital Railroad platform. Attracting Venrock and
 Morgenthaler as partners confirms the value we bring to the industry."
     "Digital Railroad is the clear leader in providing professional
 photographers a way to control and streamline key aspects of their workflow,
 from production, sales, syndication to archiving," said Ken Gullicksen,
 general partner at Morgenthaler Ventures. "We see no comparable service in the
 market today."
     Said Michael Brooks, general partner at Venrock Associates, "Evan has
 assembled an outstanding team that understands the needs of the professional
 photographer in creating personal, branded online photo-archives to better
 manage and market their work throughout the world."
 
     About Venrock
     Venrock Associates, originally founded as the venture capital investing
 arm of the Rockefeller Family, today continues a six-decade tradition of
 working in partnership with talented entrepreneurial teams to finance and
 build enduring companies.  Venrock's activities are focused on early stage
 companies in the information technology and life sciences industries, with
 investments in such companies as Intel, Apple Computer, Stratacom, CheckPoint
 Software, DoubleClick and Media Metrix in the IT sector. For more information,
 visit Venrock's website at http://www.venrock.com .
 
     About Morgenthaler
     Morgenthaler Ventures is a leading venture capital firm that has supported
 entrepreneurs as a trusted partner and expert advisor for over 36 years. It
 focuses its energies on cultivating world-class companies in two investment
 areas: Information technology and life sciences. Morgenthaler currently has $2
 billion under management. In addition to Digital Railroad, Morgenthaler has
 made investments in other Internet services companies, including NexTag,
 SNOCAP, Orb Networks, and imeem. Visit http://www.morgenthaler.com for more
 information.
 
     About Digital Railroad
     Digital Railroad is an application services company that is dedicated to
 solving the critical technical problems facing the creators and buyers of
 digital imagery. Digital Railroad's unique, comprehensive suite of online
 services transforms the way photographers manage, market, and sell their
 images to photo buyers worldwide. More information is available at
 http://www.digitalrailroad.net .
 
 

SOURCE Digital Railroad, Inc.
    NEW YORK, June 14 /PRNewswire/ -- Digital Railroad, Inc.
 (www.digitalrailroad.net), the leading provider of Web-based application
 services for the professional photography industry, announced that it has
 secured $5.2 million in venture capital from Morgenthaler Ventures
 (www.morgenthaler.com) and Venrock Associates (www.venrock.com).
     Digital Railroad will use the "Series A" funding to expand its online
 photo management, distribution and archiving platform. The company has
 developed a unique suite of Web-based services that enable professional
 photographers and photo agencies to manage, market, and sell their images with
 greater efficiency than with existing solutions.
     The founder and chief executive officer of Digital Railroad, Evan
 Nisselson, and his team have been pivotal figures in the photography industry
 as it transitioned from film to digital images.
     Nisselson said, "We are pleased to have successfully completed this
 financing with two outstanding investment firms that can help our company
 expand and improve the Digital Railroad platform. Attracting Venrock and
 Morgenthaler as partners confirms the value we bring to the industry."
     "Digital Railroad is the clear leader in providing professional
 photographers a way to control and streamline key aspects of their workflow,
 from production, sales, syndication to archiving," said Ken Gullicksen,
 general partner at Morgenthaler Ventures. "We see no comparable service in the
 market today."
     Said Michael Brooks, general partner at Venrock Associates, "Evan has
 assembled an outstanding team that understands the needs of the professional
 photographer in creating personal, branded online photo-archives to better
 manage and market their work throughout the world."
 
     About Venrock
     Venrock Associates, originally founded as the venture capital investing
 arm of the Rockefeller Family, today continues a six-decade tradition of
 working in partnership with talented entrepreneurial teams to finance and
 build enduring companies.  Venrock's activities are focused on early stage
 companies in the information technology and life sciences industries, with
 investments in such companies as Intel, Apple Computer, Stratacom, CheckPoint
 Software, DoubleClick and Media Metrix in the IT sector. For more information,
 visit Venrock's website at http://www.venrock.com .
 
     About Morgenthaler
     Morgenthaler Ventures is a leading venture capital firm that has supported
 entrepreneurs as a trusted partner and expert advisor for over 36 years. It
 focuses its energies on cultivating world-class companies in two investment
 areas: Information technology and life sciences. Morgenthaler currently has $2
 billion under management. In addition to Digital Railroad, Morgenthaler has
 made investments in other Internet services companies, including NexTag,
 SNOCAP, Orb Networks, and imeem. Visit http://www.morgenthaler.com for more
 information.
 
     About Digital Railroad
     Digital Railroad is an application services company that is dedicated to
 solving the critical technical problems facing the creators and buyers of
 digital imagery. Digital Railroad's unique, comprehensive suite of online
 services transforms the way photographers manage, market, and sell their
 images to photo buyers worldwide. More information is available at
 http://www.digitalrailroad.net .
 
 SOURCE  Digital Railroad, Inc.