DailyBooth Inc., a San Francisco, CA-based social communication platform connecting people to their friends in real-time through the use of pictures and status updates, has raised $6m in a Series A funding.
The round was led by Ignition Partners, with participation from existing investors Sequoia Capital and a group of angel investors. Investors in the company include Y Combinator, Betaworks, SV Angel, Lowercase Capital, Founders Collective and angel investors including Kevin Rose, Caterina Fake, Michael Birch, and Steve Chen.
DailyBooth intends to use the new financing to accelerate the expansion of its distribution and audience acquisition efforts, as well as develop the platform and mobile applications.
In conjunction with the investment, Ignition’s Chris Howard has joined the company’s Board of Directors.

FinSMEs
09/03/2011