Tuesday, May 16, 2006

Photobucket Raises $10.5M

Palo Alto-based Photobucket has raised $10.5M from Trinity Ventures, the firm said today. PhotoBucket provides an online web site that allows people to upload and share photos, slideshows, video, and images. Photobucket's web site is used by people who want to post their media and link them to MySpace, Blogger, Neopets, and eBay. The company said it would use the funding to further accelerate market share gains and revenue growth. The firm said it was cash flow positive and profitable last year. According to PhotoBucket, the firm maintains its business development and sales office here in Los Angeles. More information »