Online image licensing company PicApp raises $3.2M
Picapp is an Israel-based company that offers licensed images to web publishers in exchange for Picapp running advertising on publishers’ sites. The company has raised $3.2 million from Carmel Ventures and angel investor Leon Recanati.
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About the Author, Eric Eldon
Eric currently covers digital media technology and business news, especially what's happening on social networks and their platforms. He also writes and edits stories about venture capital, and lots of other stuff, too. He started at VentureBeat in the spring of 2007, half a year or so after Matt Marshall left his reporting job at the San Jose Mercury News to found the site. Eric previously cofounded a startup called Writewith, that was building editorial software for newspapers and other groups of writers. The startup didn't work out, but he learned a lot.