ShoZu grabs $12 million in Series C

User-generated content solutions developer ShoZu announced the completion of a $12 million Series C financing round led by new investor SEB Venture Capital. Previous investors Atlas Venture, Crescendo Ventures and TTP Ventures also participated in the round. ShoZu's patented technology promises one-click uploads of photos and video clips from mobile devices to the web--the company said its application is presently available on 317 handset models with users in over 100 countries, and will ship pre-installed on more than 50 million mobile phones in the year ahead.

For more on the ShoZu financing:
- read this release

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