PHHHOTO snaps up $1.5 mln seed


Next-generation camera app PHHHOTO has secured $1.5 million in seed funding. Eniac Ventures led the round with participation from other investors that included WME and Maveron.

PRESS RELEASE

NEW YORK, NY–– PHHHOTO®, the wildly popular social app for sharing moving pictures, has announced the surprise release of an entirely new, truly transformative social feature named PARTY, along with the close of $1.5M in seed funding.

In its most ambitious product release to date, PARTY is the new way to hang out with groups of friends, family and strangers — instantly, in public or private, all day and night.

“PHHHOTO® has always been the life of the party,” says PHHHOTO® CEO, CFO, CMO, CTO and COO Ron Hyper. “PHHHOTO® started as the world’s first animated photobooth (now called PHHHOTO® PRO), used by hundreds of brands to generate millions of “moving pictures” of social people at parties all over the globe. Our new PARTY concept is inspired by those events: getting an invite, meeting new people, crushing with your girls, DJ playing your song… we imagined what an app would be like if having fun with friends and strangers was the core experience.”

PARTY features include:
start a PARTY and invite friends, in the open or behind closed doors (public or private) send moving pictures back and forth inside each PARTY (everyone is notified instantly) watch a fast-paced PARTY “flashback” or swipe through posts one-by-one

“As PHHHOTO® PRO exploded over the past year, it also bootstrapped our entire operation…but now with capital from Eniac and friends, we’re bringing the PARTY to the people.”

The Series Seed financing is led by Eniac Ventures, the first seed stage venture fund focused exclusively on mobile technology, with support from WME, Maveron, and other strategic partners.

To date, PHHHOTO has raised $1.75M in funding. Previous angel investors include world-renowned musician, producer, and entrepreneur, Diplo and management team TMWRK.

PHHHOTO® unveiled its unique moving picture format on the iTunes App Store just over a year ago. With a single tap, its animated camera shoots a burst of frames and loops them back and forth, making waves crash, ice cream melt and people dance — forever. Now available for Android, PHHHOTO® has opened its doors to an even broader community of creatives around the world.
PHHHOTO® was the first to popularize the creation of moving pictures, coining the term in early 2013. And unlike every other camera app, PHHHOTO® has never allowed camera roll uploads, demanding personality and originality from its community instead — core values eschewed by the recent crop of copycat moving picture apps.

For more information, please visit: http://www.PHHHOTO.com
PARTY INTRO VIDEO https://www.youtube.com/watch?v=i7eDXA2NjTA
PIZZA PARTY http://cl.ly/image/1H1Q3C1j461E
OFFICE PARTY http://cl.ly/image/0X0G3R31113S
BLOCK PARTY http://cl.ly/image/0O1U050U1P3Y
DANCE PARTY http://cl.ly/image/3a0o2D2p3K00
AFTER PARTY http://cl.ly/image/1D410L1K0L2c
SLUMBER PARTY http://cl.ly/image/1n1Y2y2v1J33
PHHHOTO is available for FREE on the Google Play Store
PHHHOTO is available for FREE on the iTunes App Store

About PHHHOTO®:
PHHHOTO® is the next-generation camera app that brings your pictures to life. Its unique, animated camera captures a series of frames, then loops them back and forth, making it easy for anyone to make and share images that look and feel alive. In the world of PHHHOTO®, waves crash, ice cream melts and people dance — forever. PHHHOTO® was founded in 2014 and is available for iOS and Android.

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