Steamboat Backs Scrapblog

Scrapblog, a Miami, Fla.-based provider of an online service for creating and sharing multimedia scrapbooks, has raised an undisclosed amount of Series A-1 funding from Steamboat Ventures. Earlier this year, the company had raised around $2.5 million from Longworth Venture Partners.

 

PRESS RELEASE

 

Scrapblog, Inc., the first web-based service for creating and sharing multimedia scrapbooks online, today announced it has received funding from Steamboat Ventures, a venture capital fund affiliated with The Walt Disney Company. With the investment, David Min, principal of Steamboat Ventures, has joined Scrapblog's board of directors.

 

Scrapblog's service allows users to create multimedia scrapbooks online using photos, video and audio as well as a variety of creative elements. Since Scrapblog's launch this April, over a million scrapblog pages have been created. The company has recently attracted significant distribution partnerships including March of Dimes' Every Baby has a Story, ABC's Ugly Betty and ABC Family's 25 Days of Christmas. The company expects to launch several additional partnerships around travel, weddings and parenting memories over the next few months.

 

“Scrapbooking is a growing industry that is quickly expanding online,” said David Min, principal of Steamboat Ventures. “Scrapblog has pioneered online scrapbooking by creating a tool that is extremely flexible and intuitive. It has strong appeal to consumers and the potential to provide real value to brands' online initiatives.”

“I am excited to welcome David and Steamboat to our team.

 

Steamboat's strategic support is now a palpable component of Scrapblog's leadership in online scrapbooking,” said Carlos Garcia, co-founder and CEO of Scrapblog. “Steamboat shares our vision of enabling creativity online and is continually impressed by the scrapblogs our users create.”

 

Steamboat Ventures' investment constitutes a Series A1 funding round. Scrapblog held a Series A round with Longworth Venture Partners immediately prior to its work with Steamboat Ventures.