When we first covered real-time photo-blogging service DailyBooth last August, we had noticed how remarkably vibrant the community already was, and how quickly the site was amassing tons of traffic.
The startup was launched in February 2009, received some initial seed funding from Y Combinator over the summer and has now raised an additional $1 million from an all-star team of institutional and individual investors.
Wall Street Journal blog Digits broke the news earlier this morning, and reported that DailyBooth has secured ‘roughly’ $1 million in financing from Sequoia Capital, Ron Conway’s SV Angel, Betaworks, Digg co-founder Kevin Rose and Flickr co-founder Caterina Fake.
In an interview with DailyBooth co-founders Ryan Amos and Jon Wheatley, we learn that its users use the site like real-time poster child Twitter only with webcam-shot photos, which they say is in line with current trends of more personalization in short-form online communication means. The company says it’s currently receiving about six million monthly unique visitors, a number that’s reportedly still growing by about 35% a month. Talk about swift adoption and viralness.
The two men also went into the demographics a little, saying that the majority of its user base is located in the United Stated and other English-speaking countries such as the UK and Canada (which makes all the sense in the world, since the service isn’t multi-lingual yet). The majority of its users are 15-to-25 years old women, they add.
DailyBooth says it will use the extra cash to help them scale the service first and think about making money later on – currently they’re thinking in the direction of media-based businesses, premium offerings and offline distribution like photo-printing.
In conclusion: DailyBooth is growing fast, has gotten the attention and money from some of the nation’s most prolific and well-connected investors in real-time Internet startups and doesn’t appear to be all too worried with monetizing the service just yet.
Its co-founders were right: it is very much like Twitter.
Update: A couple more angels to announce: Former Googler and current Twitter advisor Chris Sacca and Gary Vaynerchuk’s VaynerMedia.
