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Photo sharing service Smilebox sells for up to $40 million

Smilebox, the six-year-old Redmond company that lets users create electronic greetings with their photos and videos, has agreed to be sold to Tel Aviv, Israel-based IncrediMail Ltd. for up to $40 million. The deal includes $25 million in upfront cash, and another $15 million if certain milestones are met. No big changes are expected as… Read More

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Bellevue high school grads raise $25 million for online slideshow maker Animoto

Animoto may be based in New York. But the startup, which is announcing $25 million in venture capital today, certainly has roots in the Pacific Northwest. The company’s four co-founders, Brad Jefferson, Jason Hsiao, Stevie Clifton and Tom Clifton, graduated from Bellevue High School in the 1990s. And its early investors include Madrona Venture Group and… Read More