The Series A funding will be used to help the company push into the weddings market and expand its product line to include tablet, mobile and television devices, the company said.
Investors in the company include former Barclays Americas chairman Archie Cox, co-founder of Nassau Capital John Quigley and serial entrepreneur Prakash Mishra.
Kaptur said it plans to begin sourcing its Series B financing early next year.
The company’s patent-pending technology aims to allow people to find, organise and share photos across social media.
Kaptur was founded in January 2011 by technology innovators Tejpaul Bhatia and Vikash Mishra, who had previously launched broadband network ESPN3.
Bhatia said, “We are thrilled to be in a position to build upon our early success.
“Now we can further enhance our online platform as well as expand to mobile, tablet and television devices to make it even easier to ‘capture’ memories with Kaptur.”
Copyright © 2012 AltAssets
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