New York - Motionbox, which bills itself as a family-oriented video-sharing site, announced on Tuesday that it has raised $7 million in its second round of funding, led by new investor Constellation Ventures.

Previous investors Canaan Partners and SAS Investors also participated.

New York-based Motionbox offers both free and premium, subscription-based versions of its service, which includes both basic online editing software and hosting of videos.

Consumers can an annual fee of $29.99 for unlimited video storage; the company also offers to create customized photo "flipbooks" of users' videos for $7.99 each.

The company will use the funds for marketing and product development.

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http://www.motionbox.com