Albumatic Raises $4.2M For Photo Sharing App

Los Angeles-based Albumatic, a developer of an iOS photo sharing application, has raised $4.2M in a funding round, the firm disclosed this week. The funding came from RRE Ventures, Thrive Capital, SV Angel, CrunchFund, Highline Venture Partners, Betaworks, and Box Group. Albumatic was founded by Adam Ludwin and Devon Gundry. A regulatory filing indicates the round actually had a first close back in April. More information »