Barbie selfie startup’s $500M valuation exposes the power of memes
A French startup acclaimed for a Barbie selfie generator has raised $43mn round at a $500mn valuation in a showcase for meme magic.
Paris-based Photoroom raised the eye-popping sums in a Series B round led by Balderton Capital and French VC Aglaé Ventures. Y-Combinator also contributed to the cash injection, which brings Photoroom’s total funding to a cool $64mn.
The startup claims to have developed the world’s most popular AI photo editor. Since launching in 2019, the app has been downloaded…