Red Herring - Photobucket Scoops $10.5M
Photobucket Scoops $10.5M
Photo and video hosting site has won success as a tool rather than a destination.
Digital media hosting site Photobucket raised a $10.5-million second round of funding Monday, primarily from Trinity Ventures.
The Palo Alto, California-based company is a rare find among young Internet startups. It is both profitable and popular outside of a select group of in-the-know digerati. Photobucket has more than 16 million members and is growing by 2 million members per month. The free site gives users 1 gigabyte of space as well as easy access to publishing on sites such as eBay, MySpace, Blogger, and Neopets.
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