99designs rebrand

Popular design crowdsourcing site 99designs is on a roll. In its eighth consecutive year of double-digit growth, a 99designs rebrand has been announced and the company reveals it has achieved revenue of nearly $60 million.

According to 99designs proprietary financial data, designer payouts are now averaging $3.5 million a month and have reached $142 million lifetime, which is best in class in the online graphic design industry.

To celebrate the feat, a rebrand for 99designs was implemented. The company unveiled a new look and a logo, which was appropriately chosen from a contest the company ran on its site.

99designs President and CEO Patrick Llewellyn in a press statement said, “We enjoyed our best year yet in 2015 as we achieved nearly $60 million in revenue, including a 50 percent year-over-year growth in our 1-to-1 Projects service that now accounts for 15 percent of all revenue.”

The 1-to-1 Projects service simplifies design work by letting businesses invite a designer

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Source: Small Business Trends