According to published reports, Foap, developer of an iPhone app to let users upload and sell their photos through the firm's marketplace, has raised a further $1.5 million in funding.

The new capital comes from Swedish VC Industrifonden, and Maxwell Ventures. Previous investors include Roland Zeller, Founder of Travel Window and also an investor in GetYourGuide, and Sami Douz.

Foap is aSwedish start up which helps you to sell your iPhone photos. Snap or upload a photo via our iPhone App and if it gets approved it will be published at http://www.foap.com for editorial/commercial sale for companies which are looking for marketing material. Each photo can be sold unlimited amount of times, and we split the revenue with on a 50/50 basis.