France’s Photoways Group Raises $13 Million To Extend European Reach


Photoways Group, a French provider of online photo services, has raised about $13 million in a second round funding. HarbourVest Partners led the deal, and was joined by previous backers Index Ventures and Highland Capital Partners. Two years ago, Index and Highland helped Photoways secure a $29 million first round financing, giving it a total of $42 million raised. Photoways intends to use the funding to speed its development across Europe. The company, which merged with its former UK counterpart Photobox last year, is developing new sites, launching photographic products and investing in additional production capacity to meet increasing demand for its products and services. It claims to have 4 million members, to whom it markets photo-books, personalized calendars and greeting cards. The company is headed by Pierre Chappaz, founder and CEO of Kelkoo, the European shopping engine acquired by Yahoo in 2004. Release

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