Steamboat Ventures, a corporate venturing fund affiliated with media company Walt Disney, has sold its portfolio Scrapblog to peer Mixbook, a US-based provider of services to create online scrapbooks.
Steamboat invested in Scrapblog’s series A1 funding round in December 2007 just after venture capital (VC) firm Longworth Venture Partners had backed the company.
Steamboat, which had David Min on Scrapblog’s board, followed on with a reported $2.5m investment in February last year to take the portfolio company’s total funding to $10m, according to news provider Paid Content.
Mixbook has raised at least $300,000 from VCs Band of Angels and Labrador Ventures since 2008.