Fotolog has just announced their recent financing (via CNET News.com), which closed a few weeks ago (if my information is correct): a $2.4M investment led by BV Capital, a cross atlantic fund with offices in San Francisco and Hamburg, Germany. No details or announcements regarding the deal and other co-investors yet.
Fotolog is one of the largest photo-sharing sites, with 1,116,294 registered users (with roughly 1% paying subs - the US conversion being 2.4%), and an archive of 38M photos (as I typed this). They are especially popular in South America, as the chart below shows (quickly compiled from these data).
Congratulations from all of us at Buzznet to Adam Seifer and his team. Adam has an interesting blog (on which he posts some of his meals). He also had this amusing poster up at ETech, claiming: Fotolog: 1.1M users and NO CTO.
PS: I too would like to know what is the "Neutral Zone", from where 9,000+ users seem to have registered.
The "neutral zone" are Proxy Server registrations.
Posted by: Elke | March 30, 2005 at 01:17 PM