Scrapblog Completes Initial Phase Of First Round Funding

Just in time for the relaunch of its website, online scrapbook service Scrapblog has closed the initial phase of its first funding round. Boston-based Longworth Venture Partners is leading the round.
The amount of the funding was not revealed, but TechJournalSouth reported that Miami-based Scrapblog is seeking to raise $2.5 million. The money will go towards hiring additional employees at the eight-person company. So far, the company has been self-funded by its founding partners. Carlos Garcia, CEO and a co-founder, has drawn capital from another of the companies he started with his partner, Nobox, an eight-year-old interactive marketing and advertising agency.