Photo sharing services just keep cropping up. Since the beginning of 2010, they've garnered a total of 75 financings from VC investors. Photo-focused juggernauts like Tumblr and Instagram have both enjoyed memorable funding moments at whopping valuations. But most of the deals fall well below Instagram-level infusions, with about two-thirds under $10 million. The median deal size has hovered between $2 million and $4 million for the last several years, with a relatively stable deal flow.
*2012 to date
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