eSnips Raises $2 Million in Series A Funding

eSnips, a new Israel based social networking web site has announced that it has officially closed Series A funding and has raised over $2 Million from investors that included Greylock Partners and Gemini Israel Funds.

The site is more of a marketplace where users can buy content created by other users from Art to Music and everything else in-between.

The web site is growing rapidly and since launching this March, they have grown to a community of well over 1 million users. The site currently runs Google AdSense for advertising revenue and uses PayPal to handle all payment transactions.