Digital media hosting site Photobucket has raised $10.5-million in a second round of funding, primarily from Trinity Ventures. The site, which has been around for a while (2003), is among the biggest (second only to Yahoo Photos according to Comscore), and profitable. It has more than 16 million members and is growing by 2 million members per month. The reason why it is popular: The free site gives users 1 GB of space as well as easy access to publishing on sites such as eBay, MySpace, Blogger, and Neopets. The site added video services in April and now serves over 50 billion image and video requests by other sites each month.
A year ago, the company received $3 million from a group of individual investors, including Jeff Lieberman and others at Insight Venture Partners.
Some more details in the release here.
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