Kaptur has raised $2 million for its social photo album, money that was culled form venture capital firms and angel investors.
The company’s platform works as a photo curating site that grabs all of your friends’ pictures and status updates form Facebook and Twitter and then combines them into one album.
Kaptur is currently in the process of adding more events to its offering including weddings, baby showers, concerts, and other event which can be accessed from mobile devices and tablets.
This isn’t the first outing for the social aggregation company, their RecreateMyNight platform allows performers to collect tweets, status updates, picture and other tidbits of information from fans, thereby creating a marketing tool after a venue has been completed.
The company’s main product for revenue is a printing service which allows users to curate photos and then personalize a set of cards and other gifts from information collected form social media sites.
Kaptur currently serves 120,000 registered web users with tens of millions of aggregated media assets already at its disposal. Kaptur claims to have already captured 1% of the wedding industry’s photo business.
In a statement regarding the $2 million in funding founder and president Tejpaul Bhatia remarked:
“We are thrilled to be in a position to build upon our early success. Now we can further enhance our online platform as well as expand to mobile, tablet and television devices to make it even easier to ‘capture’ memories with Kaptur.”
Current investors including the venture firm Green Hat Partners and angel investors Archie Cox, Deb Meijer, John Quigley, and Prakash Mishra.
Do you think Kaptur is worth the $2 million it has raised during this round of early stage funding?
Author: James Kosur
James Kosur has worked in the new media space for the last 10 years, helping many publications build their audiences to millions of monthly readers. He currently serves as the Director of Business Development at Business2Community.com and the CEO of Aven Enterprises LLC.