No, It’s Not Instagram: Photo-Sharing App Picplz Raises $5 Million

Mixed Media Labs, the parent company behind photo-sharing app Picplz, has raised a $5 million Series A round led by Andreessen Horowitz. Up until now Picplz, which works on both Apple’s iPhone and Google’s Android platforms, has been best known as the new project from Dalton Caldwell, who ran music service Imeem until it collapsed a year ago. Next question: Who is investing in rival photo-sharing app Instagram? (Ahem. Besides Andreeseen’s firm, which invested in that start-up’s seed round.)