March 22, 2013 at 15:25 PM EDT
Albumatic Photo Sharing App Raises $4.5 Million, Says SEC Filing
Albumatic , the latest venture photo-sharing from Devon Gundry and Vine investor Adam Ludwin, is raising a $4.5 million round in funding, according to a recent SEC filing . Adam Ludwin, co-founder and principal at RRE Ventures , Devon Gundry , and RRE managing partner Stuart Ellman are all named in the filing.
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Albumatic, the latest venture photo-sharing from Devon Gundry and Vine investor Adam Ludwin, is raising a $4.5 million round in funding, according to a recent SEC filing.

Adam Ludwin, co-founder and principal at RRE Ventures, Devon Gundry, and RRE managing partner Stuart Ellman are all named in the filing.

The app launched just three weeks ago. According to the Form D filing, a total of ten unnamed investors have already invested in the offering, in exchange for equity. Of the $4.5 million total offering amount, $4,045,002 has been sold. Not much else has been disclosed.

Albumatic has gotten quite a bit of attention since it’s launch, with MG Siegler taking a particular liking to it.

Perhaps it’s gaining popularity due to the fact that you can share pictures with friends in the moment based on a certain event, but location doesn’t have to be a barrier to that sharing. Nearby friends can participate by adding to the Event album, while users from afar can watch in real-time, maybe feeling a little closer to their friends.

Albumatic isn’t about sharing photos with your friends later on, nor is it about randomly connecting with people nearby. Instead, it allows you to create and capture events with friends in the moment.

Ludwin described his approach as, “fun and done.” We’ve reached out to Ludwin, but he wasn’t able to respond by time of publication.


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