Pulse2 Technology and Social Media News » Phanfare http://pulse2.com Sun, 27 May 2012 17:49:49 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Photo-Storing Phanfare Raises $2.5 Million Third Round http://pulse2.com/2007/11/28/photo-storing-phanfare-25-million-third-round/ http://pulse2.com/2007/11/28/photo-storing-phanfare-25-million-third-round/#comments Wed, 28 Nov 2007 05:27:09 +0000 Amit Chowdhry http://pulse2.com/2007/11/28/photo-storing-phanfare-25-million-third-round/ Continue reading →]]> Phanfare LogoMetuchen, New Jersey based photo-sharing company, Phanfare recently raised $2.5 million. This is Phanfare’s third round of funding and the investment was lead by Azure Capital Partners. Phanfare als received funding from Acadia Woods Partners. Other investors include Dwight Merriman, DoubleClick’s (co-founder), Kevin Ryan (former CEO of DoubleClick), and Fabrice Grinda (founder of Zingy).

Phanfare makes money by selling subscriptions and competes directly with Photobucket and Flickr. The disadvantage that Phanfare has is that it is already competing against major photo-sharing players that are backed by major corporations. Flickr is owned by Yahoo! and Photobucket is owned by News Corp. However this could also work out in Phanfare’s favor because adding features around the website won’t require as much bureaucratic approval.

Phanfare has roughly 10,000 customers.

Information Source:
[1] paidContent: Phanfare Raises $2.5 Million Third Round For Photo Storing by Joseph Weisenthal

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