Carmel Ventures Puts $5 Million in SnapMylife

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…

Eze Vidra
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Eze Vidra

Chief Innovation Officer at Antidote
Eze is the Chief Innovation Officer at Antidote, a startup helping patients search and match to clinical trial, to accelerate medical breakthroughs. Previously, Ezewas a General Partner at Google Ventures Europe. Before GV, Eze founded and led Campus London, Google's first physical hub for startups, and was the Head Google for Entrepreneurs in Europe. He's an experienced product manager and startup mentor. In 2012 Eze founded Techbikers, a non-for profit supporting children education in developing countries.
Eze Vidra
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Eze Vidra

Eze is the Chief Innovation Officer at Antidote, a startup helping patients search and match to clinical trial, to accelerate medical breakthroughs. Previously, Eze was a General Partner at Google Ventures Europe. Before GV, Eze founded and led Campus London, Google’s first physical hub for startups, and was the Head Google for Entrepreneurs in Europe. He’s an experienced product manager and startup mentor. In 2012 Eze founded Techbikers, a non-for profit supporting children education in developing countries.