Club Photo has announced that it has closed its first round of strategic financing with Indosuez Ventures. The sum of the investment was undisclosed. The investment endorses Club Photo's online strategy to redefine how people share and reprint their digital pictures. The Club Photo site, launched in December of 1998, has already become a leader in online photo sharing. Club Photo offers users the ability to organize their images in a drag-and-drop environment, among other features.