Mobile photo-sharing site SnapMyLife has raised a new $5 million round of funding, led by current investors North Bridge Venture Partners and Carmel Ventures. This investment will be used to further expand SnapMyLifeâ€™s service with new features, stronger international presence and global partnerships.
â€œThree billion mobile phones worldwide enable people to instantly capture and share moments of their lives. SnapMyLife is the first mobile-oriented service to allow a wide range of consumers to easily share photos, while building a global community of friends,â€ said George Grey, founder and CEO of SnapMyLife. â€œSnapMyLifeâ€™s premium demographic, high quality content and location-based services set us apart and offer advertisers a unique opportunity to reach older and more affluent consumers. The additional commitment from current investors will enable us to expand our global footprint and add new services in the future.â€
SnapMyLife was launched in April, 2008 and has quickly grown to more than 1.5 million unique visitors per month and over 500,000 registered users. Mobile phone users from every country in the world use SnapMyLife to share pictures, make friends, see location-tagged pictures on interactive maps, add favorites, comment and chat.