IsraelWebTour's PicApp secured $3.2 milion and formed key partnerships

We were very excited to see the recent announcements by Picapp regarding its funding.  Picapp was one of the 15 companies we hosted last February at IsraelWebTour 2008 in a special roadshow to Silicon Valley, CA.

PicApp spun off from PicScout, the world's leading visual content monitoring company, to an independent company following the successful development of the picapp.com platform. The product was recently named as one of top 100 undiscovered sites by PCMagazine and gained much traction within blog networks and the blogging community.

Picapp raises its first funding round and has announced its partnership with another big blog network, Yardbarker. The service allows you to embed free and licensed images in your blog by copy and paste widget code. The service offers repository of more than 10 million high quality images that contains small PicApp advertisement with them

The new funding totals $3.2 million and was led by the Israel based firm, Carmel Venture with an additional backer Yair Goldfinger co-founder of ICQ.

Good luck Eyal and team!!