MyPublisher, provider of photo books, raises $8.9M

September 6, 2007 | Matt Marshall

MyPublisher, a New York provider of Photo Books and design software for digital photographers, said it has raised $8.9 million.

There’s plenty of new competition for this company, but it is one of the more established players, and says it is profitable.

During the 1990s, it distributed its Photo Book services through retail giants like Wal-Mart, K-Mart and CVS. In early 2000 it phased out its offline distribution, however, and switched to internet-based retail distribution. From 2002 to 2006 it was the exclusive partner and supplier of Photo Books for Apple Computer and Adobe. In 2006, it phased out all these private label partnerships though, and focused on selling directly to consumers online.

Its BookMaker(TM), has been downloaded over 2 million times, it says. Since 2005, MyPublisher has printed more than 120 million photos for consumers.

The round was led by Mousse Partners, and included Jerome York, current board member of Apple, Inc and Tyco International, and Ward W. Woods, former President and CEO of Bessemer Securities. Original investors and board members — Novestra, W. Thorpe McKenzie, W.B. Avery, and founder Carl Navarre — also participated.

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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.