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. PhotoBucket was founded by two engineers from Level 3, Alex Welch (CEO) and Darren Crystal (CTO). The firm maintains its technology, development, and operations in Denver. More information »