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.
Founded in 2009 by Jon Wheatley and Ryan Amos and led by CEO Brian Pokorny, DailyBooth currently hosts approximately 14 million photos or “booths,” as the community refers to snapped or uploaded photos, and more than 47 million comments.FinSMEs
09/03/2011