(Yicai Global) Nov. 22 -- Online real-time image sharing service platform VPhoto has completed four new rounds of financing with a total amount of nearly CNY100 million (USD15 million) in a year, said online investment information outlet PEdaily.cn, citing a company report on angel investment. Among investors in VPhoto are FreesFund, QingSong Fund, Oriental Fortune Capital, Qianhai Tianhe Fund and Grand Avenue Capital, its angel investment report shows.

VPhoto revealed that the funds raised in the four rounds of financing will be used for upgrading its products, expanding the brand influence and further exploring the wedding and tourism markets.

The four rounds announced are series pre-A funding, series A funding, series A+ funding and series A++ funding, but the specific amount of financing in each round and the company's latest valuation have not been disclosed. Previously, VPhoto also raised tens of millions in angel financing in May 2016, led by FreesFund and joined by Dark Horse Ventures.

Developed by WeiCun (Shanghai) Network Technology Co., VPhoto is a real-time image sharing service platform that went online in September 2015. It provides one-stop commercial Cloud photographic service for its customers, covering 29 major cities in China with over 3,000 registered photographers and Cloud-end digital photographers. Besides commercial Cloud photographic service, it has also developed two businesses in wedding and tourism-oriented markets. VPhoto has already shot nearly 10 million photos for thousands of companies, with a total of 5.7 billion page-views since its establishment.