Thursday, March 28

Getty Images Raises $100 million Funding

U.S. photo agency Getty Images Inc said it raises another $100 million investment from Koch Equity Development LLC.

Koch Equity Development LLC is the acquisition and investment subsidiary of Koch Industries. Based in Wichita, Kansas, Koch Industries, Inc. is one of the largest private companies in America with estimated annual revenues as high as $115 billion, according to Forbes.

Earlier, Koch Equity Development invested $500 million in Getty Images.

Founded in 1995 by Mark Getty and Jonathan Klein, Getty Images, Inc. is a visual media company, with headquarters in Seattle, Washington, United States. It is a supplier of stock images, editorial photography, video and music for business and consumers with an archive of over 200 million assets

Earlier in September, Getty family said it would acquire Carlyle Group LP’s (CG.O) majority stake in Getty Images, ending ten years of private equity control that contributed to the agency’s debt pile swelling.

The Carlyle deal valued Getty at slightly below $3 billion, a source told Pixr8 News.