Published:
Tiny Pictures Closes $7.2 Million Series B Round Led by Draper Fisher Jurvetson
SAN FRANCISCO, Feb. 25 /PRNewswire/ -- Tiny Pictures, Inc. - the company
behind Radar, the leading service for real-time sharing of cameraphone
pictures and videos between friends - has secured $7.2 million in Series B
funding. The investment was led by Draper Fisher Jurvetson, and included
Series A investors Mohr Davidow Ventures.
Tiny Pictures had previously raised $4 million in first round financing,
which includes a seed round with angel investors Reid Hoffman and Joichi Ito.
This second round will allow the company to focus on international growth
opportunities, as well as the further development of its recently launched ad
platform.
Radar is the largest service of its kind, serving more than 15 million
pictures per month to mobile users in all regions of the world and growing
exponentially. Tiny Pictures' partners include T-MobileGermany, Bell
Mobility, Danger, and Research in Motion, among others.
The recently launched Radar Gallery, which offers high-value sponsored
content delivered in-line alongside personal content, recently featured
promotions for the 20th Century Fox film Hitman and the Warner Brothers film I
Am Legend. This month, Black Eyed Peas frontman will.i.am joined Tiny
Pictures' Advisory Board, and will collaborate with the company to launch
Radar Gallery promotions for his many projects.
"In Radar we're building a globally relevant and deeply engaging service
that transforms the way consumers share experiences with friends," said John
Poisson, Founder and CEO of Tiny Pictures. "Both Draper Fisher Jurvetson and
Mohr Davidow Ventures share our vision for the future of mobile, and they
bring a wealth of expertise to the table. We couldn't ask for better
partners."
"Radar is a remarkable service, combining everything that's powerful about
mobile and focusing on a burgeoning opportunity of global scale," said Tim
Draper, Founder of Draper Fisher Jurvetson. "We fully expect Tiny Pictures'
approach to picture-driven communication to change the world."
About Tiny Pictures, Inc.
Tiny Pictures, Inc. is the company that brings you Radar, the leading
service for real-time sharing of cameraphone pictures and videos between
friends. Radar can be accessed from PC browsers, mobile phone browsers, and
through a series of applications for mobile devices. Founded in 2005 by John
Poisson, former head of mobile media research and design groups at Sony in
Tokyo, Tiny Pictures is a privately held company based inSan Francisco. For
more information, visit http://www.tinypictures.us or http://radar.net.
About Draper Fisher Jurvetson
Draper Fisher Jurvetson is a leader in start-up venture capital, having
invested in over 150 high-tech companies. In the majority of cases, they are
the lead investor for a company's first round of financing. The firm focuses
on information technology businesses with enormous market potential, and helps
entrepreneurs achieve their maximum potential through team building,
partnerships, advice and support, as well as investments. By pursuing a
people-focused approach to venture capital investing, Draper Fisher Jurvetson
continues to fund entrepreneurs with the energy, vision, experience and desire
to build great companies. Draper Fisher Jurvetson's 40 Internet investments
include HotMail, Four11, Kana, Release Software, Homestead Technologies and
Tumbleweed Software. Draper Fisher Jurvetson is located in Redwood City,
Calif. and can be found on the Web at www.drapervc.com.
About MDV Mohr Davidow Ventures
MDV is a leading early stage Silicon Valley-based venture capital firm
that for nearly 25 years has identified, mentored and developed entrepreneurs
and young companies redefining business technology and medicine. The firm
invests around three major business and science concerns: Powering the Planet;
Personalizing Medicine; and Driving the Digital World. MDV's team engages very
early in the life of a company to impact its long-term success. Category-
leading companies funded by MDV include Agile, Brocade, Energy Innovations,
Epigram (BRCM), FormFactor, Ipsilon Networks (NOK), Kalpana (CSCO), Nanosolar,
NeuroMolecular Pharmaceuticals, ONI Systems (CIEN), Pacific Biosciences,
ParAllele (AFFX), Pivotal Technologies (BRCM), Proofpoint, Revenue Science,
and Shutterfly. MDV has $1.4 billion dollars under management. For more
information visit http://www.mdv.com.
SOURCE Tiny Pictures, Inc.
Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze,
Daily NewsTags: Computers and Electronics, Banking and Finance, High Tech, california
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