Photobucket Secures $10.5 million in VC Funding

[mandy]

Photobucket (www.photobucket.com), the world's leading visual content hosting and publishing service, today announced that the company has secured $10.5 Million in a second round of funding. Trinity Ventures led the Series B round as a new investor.

The financing will be used to further accelerate market share gains and revenue growth, while maintaining a disciplined and financially sound P&L. Photobucket was cash-flow positive last year, and is profitable.

Photobucket is a consumer visual media hosting and publishing service with over 16 million members and 10 million unique monthly visitors, according to Media Metrix. 2 million new members sign up each month. Members upload personal visual content including videos, images and graphic art and link it to over 50,000 social media, ecommerce, blogging and discussion Web sites like eBay, MySpace, Blogger, and Neopets. Photobucket serves over 50 billion image and video requests per month. Since the launch of its video services in April 2006, Photobucket members have uploaded nearly 1 million video clips at a rate of over 30,000 new videos per day...

full press release: http://home.businesswire.com/portal/site...=news_view&newsId=20060516005224&newsLang=en