PHOTOBUCKET, THE PHOTOSHARING SITE RAISES $9.5 MILLION

What does Photobucket do?

Photobucket is a popular image video hosting and sharing site. It is one shop stop for saving and sharing all your photos and videos all in one place. With the number of registered members in several millions and the numbers of photos shared in millions it is one of the leading sharing sites for photos.

Photobucket has a built in photo editing software and with a printing service it works like a dream for your entire photo needs. Also there is an option for stored pictures in your account to share online via social media through sites like Facebook etc. with friends and family.

Photos represent memories and with print shop it is time to relive your memories with the high quality photo prints.

How much Photobucket was funded:

According to the Securities and Exchanges Commission Photobucket is raising approximately around $9.57 million in the new equity-funding round.

Previous funding:

It has received a funding of around $3.6 million in venture capital in 2015,and around $3.2 million in august 2014.

There were three bouts of investments for undisclosed sums in 2009 from Steamboat ventures and Eastven Venture Partners and Steamboat Ventures again in 2013 in Series E and D

There was a history of funding of around $10 million form Oak investment, Voyager Capital and Steamboat ventures in May 2008 in Series B.

What is next for Photobucket?

The new lease of life to Photobucket with the new round of funding would help its products to grow and much more customer centric approach to all the photo and video sharing needs of the ever increasing base of customers.

More about Photobucket:

Founded by Alex Weich and Darren Crystal with funding from Trinity Ventures in 2003. Fox interactive media then acquired it in 2007 and later in 2009 its parent company Newscorp. Which sold it to a startup Orntela that renamed itself to Photobucket.

With its forward looking attitude and its recent partnership with Twitter to make it as a default photo sharing platform for twitter is one such move that instills confidence and continues to make huge strides forward.