REDMOND, Wash., Dec. 11, 2007 — Smilebox, Inc., the leader in multimedia expressions technology, today announced it has raised $7 million in Series B financing. Bessemer Venture Partners led the round and was joined by existing investor Frazier Technology Ventures. Rob Stavis, Managing Partner at Bessemer Venture Partners, will join the Smilebox board of directors. Smilebox will use the new funding to expand internationally, extend its partner syndication and promotional partnerships and bring Smilebox to new platforms. “Smilebox has pioneered the multimedia expressions category and established a proven business model. The service combines technology innovation with a strong focus on ease of use,” said Rob Stavis at Bessemer Venture Partners. “We look forward to working with Smilebox and its partners to accelerate its growth.” The Series B financing comes at a time when more than 1.8 million users have installed the Smilebox service since its launch in June 2006 and more than 1.3 million unique users worldwide access it monthly. “Smilebox is very pleased to have Bessemer Venture Partners leading this round. Their consumer technology experience, deep industry connections and an impressive track record bring tremendous value to Smilebox,” said Andrew Wright, founder and CEO of Smilebox. “We recognize enormous potential for Smilebox as this round enables them to drive a continued separation in the market,” said Paul Bialek, General Partner at Frazier Technology Ventures.
About Bessemer Venture Partners
Bessemer Venture Partners is a global investment group with offices in Silicon Valley, Boston, New York, Mumbai and Shanghai. As the oldest venture capital practice in the United States, Bessemer has partnered as an active, hands-on investor in Ciena, Ingersoll Rand, Parametric, Skype, Staples, VeriSign and W.R. Grace and more than 100 other companies that have gone public. To learn more, visit www.bvp.com.
4 Comments
So glad I read these messages, sounds like a mega rip off to me, glad now that I never got the smilebox to download or paid the annual scription!! Thanks everyone, this has been the only page in this whole screwed up site that was at all helpful!! Again, thanks more than you know!!! If any of you find a reputable scrapbooking/digital photograpy site please post it here!!
The style of writing is very familiar . Have you written guest posts for other blogs?
I just put in to cancel my subscription. I am going to need somebody to contact me ASAP! I will be the nightmare customer you do not want if you dare try to rip me off and keep my money like I see you have done with others. I have kept a copy and print out of my first email to you about ending my subscription, therefore, it will be your problem the longer you wait to stop charging me!!!
I have a problem with this program. It worked fine for a while but now I can’t copy it to DVD and I’ve sent in a “ticket” with no response. Had I known that there was no phone support I would never have purchased the product. I wish someone would get in touch with me ASAP.