Smilebox Raises $7 Million Second Round For Scrapbooks And Slideshows

Online scrapbooks are hot. Seattle-based Smilebox, a maker of multimedia scrapbooks and slideshows, has raised a $7 million second round led by Bessemer Ventures along with previous backer Frazier Technology Ventures, reports Seattle PI. Last year, the company raised $5 million from FTV, which, along with unspecified angel investments, brings its total raise to over $12 million. The news comes just as competitor Scrapblog announced funding from Disney’s (NYSE: DIS) Steamboat Ventures. Both companies ways for users to create multimedia slideshows that can be embedded, though Smilebox claims it offers a simpler service than Scrapblog with fewer demands on the end user. The company plans to expand its presence on social networks with the funding.

Comments have been disabled for this post