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02/20/2007

Preclick Secures $1.6 Million Series A Venture Capital Investment

 

Preclick recently announced it has closed its Series A financing round of $1.6 million by investors LORE Associates, Mid-Atlantic Angel Group, Robin Hood Ventures, 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.

“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 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 member of Robin Hood Ventures, added, “Preclick's management team has a strong track record of delivering innovative software and services, which gives them a competitive edge.”

Preclick, the photo lifetime software company builds consumer photo software in 22 languages for Wal-Mart, Costco, HP, 3M, SanDisk, and others.

For more information, please visit: www.preclick.com