Fotolog.com, a photo sharing and social networking site, has received $4 million in Series C funding from BV Capital and 3i. Since March 2005, Fotolog has raised $12 million in three rounds of funding from BV Capital, 3i, and private investors.
Fotolog was founded in 2002 as a way for friends to share photos. It now has 4.7 million members, up from 1 million a year and a half ago. It hosts 9.7 million unique visitors monthly. The company reports that Fotolog members post nearly 500,000 photos and 3 million messages every day.
BV Capital is an independent venture capital fund. 3i is a private equity and venture capital firm.
"This new round of funding will enable Fotolog to accelerate growth, enhance the Fotolog experience and expand into new markets," says CEO Michael Crotty. "We`re excited to be working with leaders like BV Capital and 3i who recognize the power of Fotolog and its tremendous growth opportunities."
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