The Deal
Sunday, November 8, 
11:46 am

ScanCafe raises $5.5M

  Share     E-Mail    Discussion    Print Story


scancafedisk.jpgThe Internet probably doesn't need another online photo site, but ScanCafe Inc. is not your typical online digital photo service a la Eastman Kodak Co.'s [EK] KodakGallery and Shutterfly Inc. [SFLY]. As its name implies, ScanCafe provides photo scanning and restoration services. The Burlingame, Calif.-based company announced on Tuesday it has received $5.5 million in Series B funding in a round led by Sigma Partners. The company is using $1.5 million of that money to pay off debt, while also adding employees, investing in new technology and expanding its global reach.

ScanCafe allows people to mail in photos slides and negatives, then restores and organizes all images and provides customers with access to a secure online library to view, select and share the images. They are only required to pay for the images they keep, though with a 50% minimum commitment. All selected images are then burned to a DVD or CD and shipped back to the customer with the originals.

Digging a little deeper, this review of the service from News.com reveals that one of the ways ScanCafe is keeping costs of its service down is by outsourcing the scanning work to India, so anyone worried about sending precious photos halfway around the world (that's an estimate) will have to give some thought to using the service. - David Shabelman

See Aug. 12 press release from ScanCafe
See April 16 post on ScanCafe from News.com


 

Continue reading below

Also on Dealscape





Post a comment




The Deal Pipeline

Deal Video


Inside The Deal: Linklaters' Schmidt says how regulators handled Pfizer Inc.'s acquisition of Wyeth is an outlier of how others merger reviews will be conducted.


More video...

Crisis On Wall Street
Technology
Deals of The Decade

Community

Industry Insight

Dealing with frozen bank lending

If your bank is not willing to lend, what can you do as your company continues to seek growth?


Judgment Call

The coming age of the renminbi

The Chinese currency will play an increasingly important role in international commerce and finance.


Industry Insight

Banking on PE investments

Howls of protest greeted the FDIC policy statement, but the financial services industry should get over it.



©Copyright 2008, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.