Photobucket gets $3.2 million for international product launches

August 13, 2014

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Photobucket, the 11-year-old image and video hosting site based out of Denver, raised a $3.2 million round this week, CEO Tom Munro said.

First up on the Photobucket team’s list is launching a new printing feature this fall. The service will allow users to print photos stored on Photobucket, Facebook, Instagram, Dropbox (and more) straight from web, iOS and Android.

“Photobucket is and has been a great place to backup, preserve, organize, edit and share all your photos and videos,” Munro said. “We have now taken that open Photobucket platform for sharing and organizing and have extended it to printing.”

Munro also alluded to another product launch before the end of 2014, but kept mum on the details. He did share the fact that these new products will be expanded internationally in 2015 as half of Photobucket’s users are actually outside of the US: “With monthly global traffic that is multiples greater than Shutterfly’s, Photobucket is uniquely positioned and will offer high quality products with a vastly simplified creative process and all at a very competitive price.”

The 60-person Photobucket team is looking to expand itself to a headcount close to 70 in the next six to 12 months. Also on the horizon are more key acquisitions, Munro said: already the team bought the technology called Photobucket from News Corp. in 2009 and of video portal ibeatyou in 2011.

 

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