Robin Hood Ventures invests in Preclick
Round funds the launch of Preclick IPM - Internet Photo Messenger, a new photo sharing service
Wayne, PA -
February 14, 2007
Last week Preclick Corp. debuted Preclick Internet
Photo Messenger - its new photo Web service - at
DEMO ’07. This week Preclick closed its Series A
financing round of $1.6 million by investors Robin
Hood
Ventures,Mid-Atlantic Angel Group, LORE
Associates, Delaware Crossing, New York Angels
and SJFVentures.
The company’s DEMO ’07 debut of Preclick IPM
(Instant Photo Messenger) demonstrates its attraction
for investors—the company makes innovative
software for digital photos and Web services for
industry leaders Wal-Mart, Hewlett-Packard, Costco,
3M, Sandisk, DotPhoto and others. Click here for
more details
"With Wal-Mart and Costco distribution, Preclick photo
software reaches 40% of US retail photo customers,"
said Peter Nalle, a MAG investor. "Preclick has created
the largest consumer channel to serve digital media
and sharing needs.”
The investment is immediately funding the launch of
Preclick IPM - Internet Photo Messenger, a new photo
sharing service, which is akin to MySpace and
YouTube.
LORE and Robin Hood Ventures member Vince
Schiavone, who sold his
company TurnTide to Symantec following DEMO
launch, said "Preclick IPM will turn computer screens
into networked picture frames that it monetizes via
account acquisition, advertising, store visits,
increased prints and products.”
Mark McDowell, a Robin Hood Ventures board
member, added "Preclick's management team has a
strong track record of delivering innovative software
and services, which gives them a competitive edge."
About Preclick
Preclick, the photo lifetime software company, builds
consumer photo software in 22 languages for Wal-
Mart, Costco, HP, 3M, SanDisk, and others.
About Robin Hood Ventures
Robin Hood focuses on investing in early stage
companies located in the Mid-Atlantic region.
Portfolio companies include Intellifit, Compoze,
Power
Medical Interventions, Etech Solutions, Inc.,
myserviceforce.com, Glucolight, Baton, Synova
Healthcare, Protez Pharmaceuticals, Bioconnect
Systems, Baton Networks, Inc. and Paradigm Spine,
LLC. As of January 2007, Robin Hood has invested
approximately $8.1 MM in 16 companies that have
subsequently
raised over $200 million.
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Robin Hood Ventures
Ellen Weber
phone:
610-993-9060
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Preclick
Brian Smiga
phone:
800-450-9454
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