New York - Fotolog, a social networking site based around sharing photos, said that it has raised $4 million in its third round of venture capital financing, from BV Capital and 3i. Founded in 2002, New York-based Fotolog now claims 4.7 million members and 9.7 million unique monthly visitors. The company has raised $12 million since March 2005. Fotolog will use the funds to accelerate growth, for product development and to expand into new markets.
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http://www.fotolog.com