Wednesday, March 13, 2013
Photobucket Is Looking To Raise $9.5 Million In New Equity Funding Round
Photobucket, the longstanding photo and video sharing site, is raising $9.57 million in a new equity funding round, according to regulatory documents filed this week with the Securities and Exchange Commission. The document indicates that $5.6 million of the round has been committed as of March 11, leaving some $3.9 million of equity left to be sold. The first sale of the round occurred on February 28, according to the filing, which was pointed out in a Tweet this morning by Term Sheet's Dan Primack.