Tier 1 Research – Photobucket secures more financing; Functional hosting keeps growing

Posted by on May 18, 2006 in Uncategorized | No Comments

Photobucket secures more financing; Functional hosting keeps growing
Photobucket, a privately held content hosting provider, confirmed that it had secured $10.5mn in a second round of financing from Trinity Ventures. T1R spoke with Photobucket, which plans to use the funds to engage new hires and accelerate its growth. The company is looking to expand its advertising sales, product marketing and business development teams in Palo Alto, and its development team in Denver, covering the areas of software, content moderation and customer support. Photobucket previously closed a $2-3mn round of financing with Insight Venture Partners.

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