[ibimage==21286==Medium==none==self==ibimage_align-right]
Photo and video sharing site Photobucket is on the hunt for $9.75 million in a new equity funding round, unearthed by TechCrunch this week. According to an SEC filing, $5.6 of the ask has already been met.
Presumably, this is the funding round the Wall Street Journal wrote about last week, with Photobucket indicating this would be its last before reaching profitability. In 2011, Photobucket partnered with Twitter to allow users to natively share photos. When Twitter debuted Blobstore, its in-house photo storage system, last September, however, it killed the deal with Photobucket.
In 2007, MySpace bought Photobucket for $250 million before its parent company, News Corp., sold it to Seattle-based Ontela two years later for about $60 million. Today, the company, which is nearly ten years old, has over 100 million users and serves 3.5 million images a day.
Image via Facebook.
[ibimage==21155==Original==none==self==ibimage_align-center]
