Albumatic, a developer of an iOS photo sharing application, has raised $4.2M in a funding round. Investors include RRE Ventures, Thrive Capital, SV Angel, CrunchFund, High Line Venture Partners, Betaworks, and Box Group.

Albumatic is a fun way to create and share photo albums for any theme or occasion. You can start an album and add photos for friends to see. If your friends are nearby they can add photos as well. Friends who are no nearby can be notified and watch the album.