Shutterfly latest company to raise money for photo services

December 20, 2005 | Matt Marshall

Lots of action in the online photo sharing and services sector lately.

Shutterfly, the Redwood City online digital photo service company, has secured $20 million of a $40 million Series F funding round, according to a regulatory filing reported on by PE Week. Significant shareholders include Mohr, Davidow Ventures and Jim Clark’s Monaco Ventures (yes, Jim Clark the former Netscape guy; apparently, though, there is very little public about Monaco). The company has raised $90 million in total VC funding since its 1999 inception.

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About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.