- Big man is back in business (well, not really):
Madrona Venture Group is leading a $4.4 million venture round in Animoto, the fast-growing New York startup that has developed an easy way for people to create interactive slide shows from personal photos. Amazon.com, iStockphoto founder Bruce Livingstone and angel investor Jeff Clavier also participated in the deal, which brings total funding to about $5 million.
Pudget Sound Business Journal.
The rest of the story on John Cook's Venture Blog: The company also is pushing deeper into commercial offerings. It already has a service for professional photographers, which allows them to create personalized slideshows of weddings, senior portraits or other special moments.
The company will use the $4.4 million to add new features, including the incorporation of video and new ways to match images with music.