Wemark

Company Overview

Snapshot

Founded in January 2015 by Tai Kaish, Roy Meirom, and Pavel Elkind, Wemark operated with 1–10 employees. The company raised $950,000 across one funding round from 4 investors. In May 2017, Wemark secured funding from Sarona Ventures and Elevator Fund.

Business overview

Wemark developed a blockchain-based marketplace focused on digital property, particularly stock photography. The company's core technology leveraged blockchain to enable photographers to license their photos directly to customers, aiming to significantly reduce fees compared to traditional stock photography agencies. Wemark operated in the Business Software sector, specifically within e-Commerce Tools, and targeted the Art and Consumer Goods markets globally, with business models spanning both B2B and B2C.

Strategic signal

In July 2018, Wemark announced a curated stock photography marketplace utilizing blockchain technology to empower creatives by redistributing control. This move signaled a strategic validation of blockchain's potential to disrupt traditional digital content licensing models, offering a more equitable platform for photographers and demonstrating the company's commitment to leveraging decentralized technologies for market advantage.

Company Intelligence Q&A

What is Wemark's primary business?

Wemark operates a blockchain-based marketplace for digital property, primarily focusing on stock photography, enabling photographers to license their work directly to customers.

When was Wemark founded and by whom?

Wemark was founded in January 2015 by Tai Kaish, Roy Meirom, and Pavel Elkind.

What was Wemark's total capital raised?

Wemark raised a total of $950,000 across one funding round.

What was a key strategic announcement made by Wemark?

In July 2018, Wemark announced a curated stock photography marketplace that uses blockchain technology to redistribute control to creatives.