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From Click to Cart: PhotoDay Lands Investment to Scale AI-Driven Photo Platform from Serent Capital

From Click to Cart: PhotoDay Lands Investment to Scale AI-Driven Photo Platform from Serent Capital

July 2, 2025 Craig Etkin

AUSTIN, Texas & SAN FRANCISCO–(BUSINESS WIRE)–PhotoDay, a leading software platform for volume photographers, announced today that it has secured a significant growth investment from Serent Capital, a growth-focused private equity firm with a strong track record of supporting founder-led B2B software companies. The partnership will support PhotoDay’s mission to transform the volume photography industry through continued investment in innovation, customer experience, and product development.

PhotoDay was founded to simplify and modernize the traditional school, sports, and event photography process. Its end-to-end platform streamlines photographer workflows, elevates the parent buying experience, and integrates seamlessly with photo print labs. With signature features like FaceFind® facial clustering, Dashboard App, Capture App, and smart marketing tools, PhotoDay has become an indispensable platform for thousands of photography studios across the United States.

“Our journey has always been about helping studios focus on what they do best—capturing memories—while we handle the rest,” said Jonathan “JD” Dantes, CEO and Co-Founder of PhotoDay. “Serent’s investment validates our vision and gives us the resources to build even faster, while staying true to our values and commitment to our customers.”

Serent’s investment, combined with hands-on support from its Growth Team, aims to help PhotoDay scale its go-to-market efforts, accelerate development of AI-powered tools, improve platform flexibility, and explore new strategic partnerships. Importantly, PhotoDay will remain an independent platform, a key priority for customers who rely on its studio-first approach.

“PhotoDay is a category leader in sports and youth photography, and we’re thrilled to support the team through its next phase of growth,” said Lance Fenton, Partner at Serent Capital. “Their platform is beloved by customers and consistently drives better outcomes for studios and families alike. We see significant opportunity to bring this best-in-class experience to even more photographers, studios, and parents.”

With customer satisfaction scores in the top percentiles of industry benchmarks, including an NPS of +93 and satisfaction rating of 4.6 out of 5.0, PhotoDay continues to set the standard for ease of use, customer support, and platform innovation.

As part of the partnership, Alex Kovacevic, former CEO of ImageQuix (now Captura) and a respected leader in the volume photography industry, will join PhotoDay’s board as Executive Chairman. He will work closely with the executive team to help shape strategic growth initiatives and offer guidance drawn from his extensive industry experience.

“I’ve admired PhotoDay for years,” said Kovacevic. “Their intuitive user experience, commitment to innovation, and loyal customer base are exceptional. I’m excited to support JD and the entire team as we scale the business and unlock even more value for studios across the country.”

With offices in Austin and San Francisco, Serent is proud to partner with a Founder-led business that is committed to transforming an industry from the ground up by putting photographers, studios, and parents first.

About PhotoDay

PhotoDay is a leading workflow and e-commerce platform for volume photography studios. Designed to eliminate paper forms and manual processes, PhotoDay empowers studios with tools for automated job management, marketing, facial recognition, and direct fulfillment. With thousands of studios using the platform nationwide, PhotoDay is redefining the photography experience for studios and families alike. Learn more at www.photoday.com.

About Serent Capital

Serent Capital is a growth-focused private equity firm investing in capital-efficient, B2B SaaS and technology companies. From its founding, Serent set out to build a distinctly different firm that prioritizes founders and their companies and provides true hands-on resources through its 25+ person Growth Team. Serent’s in-house Growth Team is equipped with a wide range of resources to help companies accelerate growth, including strategic and operational support to drive revenue generation, assistance in building a top-tier executive team, guidance for transformative M&A, and a community of 400+ founders and operating executives. With $5 billion of assets under management, the firm has partnered with over 70 founder-led, industry-changing companies and offers unparalleled hands-on operational support. Discover how Serent Capital is fueling the growth of innovative companies across a range of industries at www.serentcapital.com.

Contacts

Kathleen Rochard
Serent Capital
Kathleen.Rochard@SerentCapital.com

(c)2025 Business Wire, Inc., All rights reserved.


Venture Capital
Austin, Business Wire, California, PhotoDay, San Francisco, Texas, Venture Capital

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Fabric, a leader in care delivery and consumer experience, has announced the acquisition of UCM Digital Health (UCM), a leading digital health and telehealth provider. The acquisition expands Fabric's services to about 400 new employer and payer customers, adding one million covered lives. Fabric now serves over 75 health systems, 30,000 employers, and over 100 million lives across all 50 states. This marks Fabric’s fifth acquisition in less than three years, underscoring its strategic build-and-buy approach to unify the fragmented digital health landscape. By expanding its footprint in the payer and employer markets, Fabric is extending its comprehensive care access and experience platform paired with its nationwide provider network to streamline virtual-first care, expand access, improve efficiency and outcomes, and reduce both medical and overhead costs.

In a statement Aniq Rahman, CEO and Founder of Fabric said, "For Fabric, it’s about making healthcare more accessible.” “We’ve already made meaningful progress in the payer and employer markets, and this acquisition allows us to deepen that impact. By bringing more payers and employers onto our platform, we’re creating a connected experience that streamlines workflows, reduces friction and costs, and ultimately drives better outcomes for members and our partners." Moving forward, the 400 payers and employers served by UCM will transition to Fabric’s expanded technology and clinical network, gaining access to enhanced omnichannel patient experiences that improve efficiency before, during, and after virtual care. Through Fabric’s nationwide provider network, patients can receive a treatment plan for most common medical conditions in just five minutes or connect with a behavioral health provider within three days.

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Flex has closed a $60 million Series B equity round led by Portage, bringing total equity raised to $105 million. In the last year, the company has quadrupled revenue and tripled its payments volume to $3 billion as it scales its all-in-one business and personal finance platform for high-net-worth middle-market business owners. Running a profitable middle-market business has become one of the most complex financial jobs in America, with owners often juggling more than ten disconnected systems to manage their money. Flex was created to give these high net worth owners a single place to run both their business and personal finances. This latest $60 Million equity round, followed by its $200 Million debt and $25 Million equity raise announced earlier this year, builds on a period of rapid hypergrowth. In just 12 months, Flex has grown revenue fourfold and increased annualized total payments volume from $1 billion to $3 billion across a suite of products, positioning Flex as one of the fastest-growing fintech companies at scale with best-in-class capital efficiency.

Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. These customers now use an average of four or more Flex products. Flex’s Business Credit Card, which provides 60-day float on every transaction, has been a major driver of adoption, acting as the wedge into deeper financial operations. Once owners experience the benefits of the Flex Credit Card, they often go on to adopt Flex’s banking, payments, working capital, and expense management tools to replace fragmented legacy systems. This integrated model has allowed Flex to scale with high efficiency and has created a strong foundation for its expansion into personal finance.

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Across the United States, a new industrial age is taking shape. Trillions of dollars in infrastructure, from energy projects and advanced manufacturing to data centers and critical mineral facilities, must be built in the next decade. But large construction projects are slower and more expensive today than they were half a century ago. Unlimited Industries, a California-based company using AI to rethink how infrastructure gets built, has raised $12 million in seed funding to change that. The round was co-led by Andreessen Horowitz and CIV, with participation from leading industry investors. The capital will accelerate Unlimited’s expansion and further develop its proprietary AI platform – one designed to make large-scale engineering and construction faster, cheaper, and more ambitious.

Unlike traditional construction firms or standard software companies, Unlimited is an AI-native construction company that both designs and builds. Its proprietary platform can generate and evaluate hundreds of thousands of design configurations in parallel, automatically identifying optimal layouts for cost, safety, and performance before construction begins. By integrating AI-driven design with its own vertically integrated engineering and construction teams, Unlimited eliminates the costly handoffs and misaligned incentives that have defined the industry for decades.

In a statement Alex Modon, Co-Founder and CEO of Unlimited Industries said, “Advances in AI mean we can finally build the physical world the way we build software.” “The traditional construction model is slow, brittle, and fundamentally misaligned. Our approach replaces static design choices with a dynamic, data-driven process that learns from every project. The result is faster, cheaper, and more successful projects.”

Unlimited is an AI-native construction company headquartered in San Francisco. Today, the company designs and builds across energy infrastructure, data centers, critical minerals, and advanced manufacturing, helping developers build with greater speed, ambition, and efficiency. Their mission is to build a future of radical physical abundance by automating construction end-to-end. The company was founded in 2025 by serial founders Alex Modon, Jordan Stern, and Tara Viswanathan.
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