Report: PhotoTLC Folds

PhotoTLC Inc., a Petaluma, Calif.-based provider of photo gifts and digital photo restoration services, has shut down, according to VentureBeat. The company raised a $10 million Series A round in late 2005, with participation by Steamboat Ventures, El Dorado Ventures and the Bay Area Equity Fund. As of this morning, the company's website was still up and appeared operational.