SnapMyLife, a mobile photo-sharing community site, has announced a $5 million round of funding led by current investors North Bridge Venture Partners and Carmel Ventures.
SnapMyLife launched in April, 2008 and has since grown to 1.5 million unique users a month, with over 500,000 registrations. There’s nothing earth shuttering about the product – it allows the standard features such as uploading and tagging images with the option to keep them private.
Rina Shainski, general partner of Carmel Ventures said:
“SnapMyLife has carved out a differentiated offering in the mobile social networking space. We expect SnapMyLife to do well in the current climate, with a strong management team and a compelling service that provides advertisers with high quality, targeted content and users.”
I searched the management’s team page but couldn’t find any connection to Israel. I wonder how the two got connected…
I'm a former general partner at google ventures, head of Google for Entrepreneurs in Europe and founding head of Campus London, Google's first physical hub for startups.
I'm also the founder of Techbikers, a non-profit bringing together the startup ecosystem on cycling challenges in support of Room to Read. Since inception in 2012 we've built 11 schools and 50 libraries in the developing world.
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