A London-based global venture capital firm, Saffron Hill, has completed an investment in fotochatter.com. Fotochatter is a mobile social networking site founded in 2006 by Armando Pena, CEO, and developed in cooperation with NTR Lab, Inc. The site is in beta but, according to Armando Pena, it is already one of the highest trafficked sites on the admob mobile advertising network with about 30 million page views a day and registered user base growing at over 20% per month. More growth is in store for the Fotochatter project, and more cooperation with NTR Lab is expected.
 

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