Launching a startup and taking it from a simple idea to a global powerhouse is no easy feat. However, Joaquin Cuenca Abela, Co-founder and CEO of Freepik, managed to achieve just that. With a valuation of $300M, Freepik has firmly established itself in the digital content world, gaining recognition as one of the “Fastest Growing European Companies” by the Financial Times.
Bootstrapping played a crucial role in Freepik’s success story. By relying on its own resources and avoiding external capital, the startup was able to maintain control over its decision-making process, allowing it to stay laser-focused on its mission. Abela’s dedication to helping users unleash their creativity has kept Freepik on a steady growth trajectory.
While bootstrapping comes with tough decisions, it has also allowed Freepik to build a strong foundation. The company now boasts a team of 600 employees and over 52,000 registered contributors, establishing itself as a leading platform in the industry.
Innovation has been a driving force behind Freepik’s success. Abela acknowledges the impact of artificial intelligence (AI) on the design industry and has embraced its potential. By integrating AI technology into their platform, Freepik has been able to enhance user experience and offer even more powerful creative tools.
Looking ahead, Freepik has a grand vision: empowering creators everywhere. Abela’s passion for supporting and enabling creators remains at the core of Freepik’s mission. By continuously adapting to market trends and leveraging technology advancements, Freepik aims to be the go-to platform for creators seeking inspiration and tools to bring their ideas to life.
Scaling a startup without relying on external capital is no easy task, but Abela’s journey with Freepik serves as an inspiration to entrepreneurs looking to make their mark.