Fotolog secured major investment from BV Capital

"In a sign of the growing corporate and capital interest in blogging, photo blogging site Fotolog has announced a $2.4 million investment from BV Capital, an independent venture capital fund, as well as private investors."

Fotologâ„¢ Stats
1,166,714
Fotologgers
38,246,322
Photos
117,197
Photos Today



Interesting, that if Flickr was acquired for roughly $16M and Fotolog has a comparable number of users and more traffic, that the company should be valued at or above $16M. It's unclear how much BV invested of the 2.4M investment total (likely $2M) but as the only VC in, they are likely to have a substantial stake in the company and as a result will yield high return on the (likely) exit should the metrics - usage, subscribers - continue to trend upwards.